The European Commission regulators are reportedly set to decide by August 1 on whether to approve Hewlett Packard Enterprise Company's (NYSE:HPE) $14 billion acquisition of Juniper Networks, Inc. (NYSE:JNPR).
Announced in January, the deal aims to enhance Hewlett Packard Enterprise's artificial intelligence offerings and expand its networking business, reflecting the strategic focus on AI as a key growth driver for many firms. Reuters reported the expected date, citing a filing on the Commission's website on Friday.
The European Commission, serving as the EU's competition watchdog, may approve the deal with or without conditions following its initial assessment, or initiate a comprehensive investigation.
Hewlett Packard Enterprise is anticipated to point to market leader and Juniper rival Cisco Systems, Inc (NASDAQ:CSCO) to address EU competition concerns, per the report.
Additionally, the UK competition authority is reviewing the deal, expecting a decision by August 14.
The deal was for an all-cash transaction for $40.00 per share. The purchase price represents a premium of around 32% to the unaffected closing price of JNPR's common stock on January 8, 2024, the last full trading day before media reports regarding a possible transaction.
Post transaction closure, Juniper CEO Rami Rahim will lead the combined HPE networking business and will report to HPE President and CEO Antonio Neri.
Also, the combination is expected to achieve operating efficiencies and run-rate annual cost synergies of $450 million within 36 months.
Price Action: HPE shares are trading higher by 0.08% to $21.06 at last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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據報道,歐盟委員會監管機構將在8月1日之前決定是否批准惠普企業公司(紐約證券交易所代碼:HPE)以140億美元收購瞻博網絡公司(紐約證券交易所代碼:JNPR)。
該協議於1月份宣佈,旨在增強惠普企業的人工智能產品並擴大其網絡業務,這反映了將人工智能作爲許多公司關鍵增長動力的戰略重點。路透社週五援引委員會網站上的一份文件報道了預計日期。
作爲歐盟競爭監督機構的歐盟委員會可以在初步評估後有條件或無條件地批准該協議,或啓動全面調查。
報告稱,預計惠普企業將指望市場領導者和瞻博網絡的競爭對手思科系統公司(納斯達克股票代碼:CSCO)來解決歐盟的競爭問題。
此外,英國競爭管理機構正在審查該協議,預計將在8月14日之前做出決定。
該交易以每股40.00美元的價格進行全現金交易。收購價格比日本國家公共電臺2024年1月8日普通股未受影響的收盤價高出約32%,這是媒體報道可能交易之前的最後一個完整交易日。
交易完成後,瞻博網絡首席執行官拉米·拉希姆將領導合併後的慧與網絡業務,並將向慧與總裁兼首席執行官安東尼奧·內裏彙報。
此外,該合併預計將在36個月內實現運營效率和4.5億美元的年度成本協同效應。
價格走勢:週五最後一次查看時,惠與科技股價上漲0.08%,至21.06美元。
免責聲明: 該內容部分是在人工智能工具的幫助下製作的,並由Benzinga編輯審閱和發佈。
照片來自 Shutterstock