Hewlett Packard, Juniper fall after DOJ sues to block deal

Juniper Networks

30/01/2025 17:46

** Shares of Hewlett Packard Enterprise  HPE.N  fall over 3%
to $20.95, and Juniper Networks  JNPR.N  drop 3.4% to $33.94
    ** The U.S. Department of Justice sues to block HPE's $14
billion acquisition of JNPR
    ** DOJ argues that the deal would eliminate competition;
says HPE trained its engineers and salespeople to "beat" Juniper
when competing for contracts
    ** HPE fell ~26% in 2024, while JNPR rose 27%

 (Reporting by Juby Babu in Mexico City)
 ((Juby.Babu@thomsonreuters.com;))