Hewlett Packard Enterprise has completed its $14 billion acquisition of Juniper Networks, enabling HPE to expand its presence in the artificial intelligence and hybrid cloud market and advance its strategic vision with a full networking IP stack. HPE said Wednesday Rami Rahim, most recently CEO of Juniper Networks, will now oversee the combined HPE ...
Hewlett Packard Enterprise and Juniper Networks have reached a settlement with the Department of Justice, paving the way for HPE to finalize its proposed $14 billion acquisition of the networking products provider. HPE President and CEO Antonio Neri welcomed the agreement with DOJ, saying it maintains the transaction’s intended benefits to sha...
Hewlett Packard Enterprise and Juniper Networks maintained that the proposed $14 billion acquisition between the two companies is “pro-competitive” in response to the Department of Justice’s decision to file suit to block the all-cash deal. “We will vigorously defend against the [DOJ’s] overreaching interpretation of an...
The Federal Trade Commission has approved through a unanimous vote a final rule that will require parties to certain mergers and acquisitions to provide more information to help FTC and the Department of Justice’s antitrust division better screen M&A transactions for potential competition issues. FTC said Thursday the final rule seeks to u...
The Federal Trade Commission and the Department of Justice have released final guidelines outlining the frameworks and factors the agencies use in assessing mergers and acquisitions. FTC said Monday it voted unanimously to approve the 2023 Merger Guidelines, which reflect advances in law and economics, the experiences of market participants and feed...
A federal judge in Maryland on Tuesday refused to grant a preliminary injunction that the Department of Justice requested to halt Booz Allen Hamilton’s planned acquisition of EverWatch over competition-related issues, Reuters reported. Judge Catherine Blake declined to grant the injunction and her full opinion with regard to the ruling is under se...
Booz Allen Hamilton (NYSE: BAH) said its move to acquire cybersecurity firm EverWatch would allow it to secure “billions of dollars” worth of contracts and compete with rival contractors such as Lockheed Martin (NYSE: LMT) and Raytheon Technologies (NYSE: RTX), Defense News reported Monday. In March, Booz Allen agreed to buy EverWatch as part of...
Booz Allen Hamilton has received pushback from the U.S. Department of Justice on its March agreement to purchase data science, intelligence and cybersecurity contracting company EverWatch Corp. In the form of a civil antitrust lawsuit made public on Wednesday, the DOJ is asserting that the acquisition violates Section 1 of the Sherman Act and Sectio...
Eun Young Choi, most recently senior counsel to the deputy attorney general at the Department of Justice, has been named the first director of the national cryptocurrency enforcement team at DOJ. She will lead NCET in identifying, investigating and pursuing DOJ’s cases that involve the criminal use of digital currencies and other digital assets, e...
The Federal Trade Commission and the Department of Justice’s antitrust division are seeking public comments as they work to update federal guidelines on mergers to better identify and prevent anticompetitive transactions. “Illegal mergers can inflict a host of harms, from higher prices and lower wages to diminished opportunity, reduced innovatio...
