UK clears HPE, Juniper $14 billion acquisition deal
Summary
Earlier this month, the European Commission approved unconditionally the proposed acquisition of Juniper Networks by HPE The U.K. Competition and Markets Authority (CMA) gave Hewlett Packard Enterprise (HPE) the green light to move forward with the $14 billion acquisition of Juniper Networks, following European Commission (EC) approval last week. In a brief statement, the CMA explained it had given its approval following an investigation into the proposed transaction which was launched in June, a process aimed at determining if the acquisition could negatively affect competition in the U.K. and other markets. “Customers purchasing cycles for each of the respective products are different and therefore not conducive to allow any anticompetitive tying or bundling strategy by the merged entity. “The Commission therefore concluded that the proposed merger would not raise competition concerns on any of the markets examined in the EEA or on any substantial part of it. The pair expect to achieve joint operating efficiencies and cost synergies of $450 million per annum within 36 months of the deal’s close.
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