Juniper Networks denies allegations in US DOJ lawsuit to block $14 billion merger with HPE

Reuters
02-12
Juniper Networks denies allegations in US DOJ lawsuit to block $14 billion merger with HPE

Feb 11 (Reuters) - Juniper Networks JNPR.N denied the allegations by the U.S. Department of Justice, after the agency sued to block Hewlett Packard Enterprise's HPE.N $14 billion all-cash takeover of the networking gear maker, according to a court filing.

Last month, the DOJ argued in its complaint that the proposed deal would stifle competition and lead to Cisco Systems CSCO.O and HPE controlling more than 70% of the U.S. market for networking equipment.

The complaint does not correctly represent the market dynamics for wireless network solutions and the companies' rationale for the deal, Juniper said in a filing made to a federal court in California on Monday.

There are more than eight companies offering wireless networking solutions in the U.S., other than Juniper and HPE, it said.

Cisco has had more than 50% of the market for the past 10 years, while HPE and Juniper have had a combined share of less than 25% over the last three years, according to the filing.

The combined market share of HPE and Juniper are lower than a level that would allow the DOJ to presume the deal as illegal, it said.

The deal, announced more than a year ago, would boost competition against Cisco, Juniper said.

The DOJ's antitrust lawsuit marks the first since President Donald Trump's second term in office.

(Reporting by Akash Sriram in Bengaluru; Editing by Shilpi Majumdar)

((Akash.Sriram@thomsonreuters.com; On X as @HoodieOnVeshti; +91-99017-77617;))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10