Reported 2 days ago
Hewlett Packard Enterprise Co. and Juniper Networks Inc. have met with top antitrust officials from the Justice Department in a crucial attempt to convince them not to block their $14 billion merger deal. This meeting, referred to as a 'last-rites' discussion, comes as the DOJ prepares to decide whether to challenge the merger due to competition concerns, with potential outcomes that could include allowing the deal to proceed with some modifications. Juniper's shares have dropped due to uncertainties surrounding the deal, while both companies express confidence that the merger will promote competition and innovation.
Source: YAHOO