DOJ cited reduced competition in the wireless market as the biggest problem with the proposed $14 billion sale of Juniper Networks to Hewlett Packard Enterprise. The vendors say they plan to “vigorously defend the transaction in court.
The US Department of Justice has sued to block Hewlett Packard Enterprise’s $14 billion deal to acquire networking gear maker Juniper Networks, arguing that it would stifle competition, according to a complaint filed on Thursday.
An antitrust lawsuit filed by the DOJ poses an obstacle to HPE’s proposed acquisition of Juniper, but the vendors say they plan to vigorously defend the transaction.
Hewlett Packard Enterprise (NYSE:HPE) and Juniper Networks, Inc. (NYSE:JNPR) today responded to the filing of a complaint by the U.S. Department of Justice seeking to prohibit closing of HPE’s propose
Hewlett Packard Enterprise Company (HPE) and Juniper Networks, Inc. Thursday addressed the U.S. Department of Justice's complaint
Hewlett Packard Enterprise shares are trading lower Thursday after the U.S. Department of Justice (DOJ) filed an antitrust lawsuit to block its proposed $14 billion acquisition of Juniper Networks.
The U.S. Justice Department has filed suit to block Hewlett Packard Enterprise Co.’s proposed acquisition of Juniper Networks Inc. for $14 billion. Officials submitted the complaint today to the U.S. District Court for the Northern District of California.
The US Justice Department sued to block Hewlett Packard Enterprise's $14 billion acquisition of rival Juniper Networks on Thursday, the first attempt to stop a merger by a new Trump administration that is expected to take a softer approach to mergers.