Hewlett Packard Hopes Time Is on Its Side With Juniper

Hewlett Packard Enterprise doesn’t exactly qualify as “big tech” anymore. That might not matter as the corporate-tech half of the once mighty HP empire tries to curry support for its biggest move ever. 

The company now commonly known as HPE announced its $14 billion acquisition of Juniper Networks late Tuesday, confirming an earlier report from The Wall Street Journal. The deal gives Juniper shareholders $40 a share in cash, which is 32% above the stock’s last closing price before the Journal’s report and would be the highest price Juniper’s shares have fetched in more than a decade.