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.
HPE boss Antonio Neri stated, 'This transaction will strengthen HPE's position at the nexus of accelerating macro-AI trends, expand our total addressable market, and drive further innovation for customers...'
The stock offer is scheduled to be 'consummated' on or around September 13 - a Friday, so unlucky for some. And of course it is subject to customary closing conditions.
With a price of $14 billion agreed for Juniper, the share issue will hardly touch the sides of the overall funding, though every little bit helps, we suppose.
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