The proposed combination pertains to the acquisition by Hewlett Packard Enterprise Company (HPE) of 100% of the outstanding shares of, and sole control over, Juniper Networks, Inc. (Juniper) (Proposed Combination). The Proposed Combination is to be carried out by way of a reverse triangular merger through which Jasmine Acquisition Sub, Inc. (which is currently a wholly owned subsidiary of HPE) will merge with and into Juniper, such that Juniper will be the surviving entity and will become a wholly owned subsidiary of HPE.
HPE is a U.S.-based company and is listed on the New York Stock Exchange. It specializes in business information technology (IT), offering infrastructure products to support the IT systems of customers, related software to automate and simplify IT operations, and cloud solutions as a service. The Proposed Combination relates to HPE’s networking business.
Juniper is a U.S.-based company and is listed on the New York Stock Exchange. It is a multinational networking technology company which provides networking, infrastructure, security, and other related solutions (hardware and software) to customers in multiple industries. Specifically, Juniper designs, develops and sells networking products and services including routing, switching, wireless, network security and associated services.
Detailed order of the Commission will follow.
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