EU unconditionally approves HP Enterprise’s proposed acquisition of Juniper
The Fly

EU unconditionally approves HP Enterprise’s proposed acquisition of Juniper

The European Commission has approved unconditionally, under the EU Merger Regulation, the proposed acquisition of Juniper Networks (JNPR) by Hewlett Packard Enterprise Company (HPE). The Commission concluded that the transaction would raise no competition concerns in the European Economic Area. Based on its market investigation, the Commission found that the transaction, as notified, would not significantly reduce competition on such markets. In particular, concerning the horizontal overlaps between the companies’ activities in the market for WLAN equipment, WAPs and Ethernet campus switches, the Commission found that in the EEA: The merged entity’s market position would remain moderate. The merged entity would continue to face competition from a wide range of competitors, including strong and established players on each of the markets.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App