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 New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags Networkingroutersswitches

Featured

Slideshows

Tight lines as Hooked on Lenovo catches up at Great Barrier Island

Tight lines as Hooked on Lenovo catches up at Great Barrier Island

​Ingram Micro’s Hooked on Lenovo incentive programme recently rewarded 28 of New Zealand's top performing resellers with a full-on fishing trip at Great Barrier Island for the third year​ in a row.

Tight lines as Hooked on Lenovo catches up at Great Barrier Island
Inside the AWS Summit in Sydney

Inside the AWS Summit in Sydney

As the dust settles on the 2017 AWS Summit in Sydney, ARN looks back an action packed two-day event, covering global keynote presentations, 80 breakout sessions on the latest technology solutions, and channel focused tracks involving local cloud stories and insights.

Inside the AWS Summit in Sydney
Channel tees off on the North Shore as Ingram Micro hosts annual Cure Kids Charity golf day

Channel tees off on the North Shore as Ingram Micro hosts annual Cure Kids Charity golf day

Ingram Micro hosted its third annual Cure Kids Charity Golf Tournament at the North Shore Golf Club in Auckland. In total, 131 resellers, vendors and Ingram Micro suppliers enjoyed a round of golf consisting of challenges on each of the 18 sponsored holes, with Team Philips taking out the top honours.

Channel tees off on the North Shore as Ingram Micro hosts annual Cure Kids Charity golf day
Show Comments