Reported Earlier, Hewlett Packard Enterprise Prices $1.35B Public Offering Of Convertible Preferred Stock To Support Juniper Networks Acquisition

Author: Benzinga Newsdesk | September 11, 2024 02:12am

The proceeds from the Offering will be approximately $1.32 billion (or approximately $1.46 billion if the underwriters exercise their option to purchase additional shares) after deducting the underwriting discount but before expenses. HPE intends to use the net proceeds from the Offering to fund all or a portion of the consideration for the previously announced pending acquisition of Juniper Networks, Inc. (the "Juniper Acquisition"), to pay related fees and expenses, and, if any proceeds remain thereafter, for other general corporate purposes. The Offering is expected to be consummated on or about September 13, 2024, subject to certain customary closing conditions.

Posted In: HPE