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HP-Juniper $14bn Deal Expecting EU Antitrust Approval
July 30, 2024
HP’s $14bn deal to acquire Juniper is expected to get EU’s antitrust approval, as per sources. The European Commission is scheduled to decide on the deal by August 1. The deal was struck in January for HP to pay $40/share to Juniper investors in an all-cash deal. HP said that it will finance the purchase with term loans that over time will be replaced “with a combination of new debt, mandatory convertible preferred securities, and cash.”
Both, HP’s and Juniper’s bonds were trading stable, with their 2029s yielding 4.9% and 5% respectively.
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