Menu
Juniper Networks looking to go private?

Juniper Networks looking to go private?

Reportedly hires Goldman Sachs to explore possibility

Juniper Networks has reportedly hired investment banker Goldman Sachs to explore taking the company private.

The development has the blessing of activist investor Elliott Management, according to the website Benzinga. Elliott owns 8.7% of Juniper and has encouraged the company to look for ways boost shareholder value through restructurings and product portfolio rationalization.

Juniper did reorganize last year at the urging of Elliott after multiple quarters of lackluster performance.

+MORE ON NETWORK WORLD: Juniper ousts CEO Kheradpir over “leadership and conduct”+

Benzinga reports that Juniper is seeking $32 per share to go private. The company’s stock stood at $29.26 as of 1pm EST Friday, Oct. 9. Juniper has 384.43 million shares outstanding, making the value of the deal $12.3 billion, $1 billion more than the company’s market capitalization.

Juniper says it doesn’t comment on “rumor and speculation.”

Juniper has been a publicly traded company since 1999. Going private, like Dell, Riverbed, BMC and Blue Coat have done, would allow the company to create financial gain for shareholders while freeing it up from the regulatory and reporting requirements of public companies.

As such, private companies can conduct and focus on business without the scrutiny, critique and pressure of Wall Street and shareholders.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Networkingswitchesrouters

Events

Featured

Slideshows

Channel kicks 2021 into gear as After Hours returns to Auckland

Channel kicks 2021 into gear as After Hours returns to Auckland

After Hours made a welcome return to the channel social calendar with a bumper crowd of partners, distributors and vendors descending on The Pantry at Park Hyatt in Auckland to kick-start 2021.

Channel kicks 2021 into gear as After Hours returns to Auckland
The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

Hundreds of leaders from the New Zealand IT industry gathered at the Hilton in Auckland on 17 November to celebrate the finest female talent in the Kiwi channel and recognise the winners of the Reseller News Women in ICT Awards (WIICTA) 2020.

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards
Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

The leading female front runners of the New Zealand ICT industry joined together for the annual Reseller News Women in ICT Awards event at the Hilton in Auckland, during which hundreds of guests celebrated 13 outstanding individuals who won awards, chosen from more than 50 finalists representing over 30 organisations.

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards
Show Comments