HPE completes $13.4 billion acquisition of Juniper Networks after DOJ settlement
Hewlett Packard Enterprise closed its acquisition of Juniper Networks, making Juniper a wholly owned subsidiary, after reaching a settlement with the U.S. Department of Justice that requires divesting HPE's Instant On business. The filing says the deal doubles the size of HPE's networking business, and HPE expects it to be accretive to non-GAAP EPS in year 1 after close.
Key points
- Aggregate merger consideration paid to Juniper stockholders was approximately $13.4 billion, at $40.00 per share in cash.
- HPE funded the deal with balance sheet cash, commercial paper, and term loan borrowings.
- The June 28, 2025 DOJ settlement requires divestiture of HPE's Instant On business and an auction for non-exclusive licensing of Juniper's Mist AIOps source code.
- Juniper shares ceased trading on the NYSE as of July 2, 2025.
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 02, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.