Hewlett Packard Enterprise’s (HPE) deliberate $14 billion acquisition of Juniper Networks is one step nearer to completion, after the UK Competitors and Markets Authority (CMA) confirmed that the deal is not going to face additional scrutiny.
The CMA has but to launch its full findings. The transaction example page has been updated. The corporate introduced that it had “permitted Hewlett Packard Enterprise’s acquisition of Juniper Networks.”
The information comes two months after the CMA opened its first investigation into the proposed merger and sought feedback from related stakeholders. The regulator had a deadline of three July, after which it was because of resolve whether or not to proceed with a extra detailed investigation by 14 August.
The UK has been good at blocking big-ticket acquisitions not too long ago, most notably blocking Microsoft’s $68.7 billion acquisition of Activision final yr, forcing each firms to make quite a few concessions to get the deal performed, however the EU permitted the HPE-Juniper deal final week on the grounds that the sector was sturdy sufficient, a constructive indicator of the UK’s response.
Barring last-minute intervention from the Federal Commerce Fee, the merger is predicted to keep away from main regulatory hurdles and meet HPE’s focused deadline, which it stated isn’t any later than “early 2025.”
