Hewlett Packard Enterprise wins DOJ approval for Jupiter Networks acquisition, shares pop

  • Hewlett Packard Enterprise Co (NYSE:HPE, ETR:2HP) shares rose on Monday after the US Department of Justice (DOJ) approved its $14 billion all-cash acquisition of Jupiter Networks (NYSE:JNPR).  The DOJ had filed a lawsuit to block the merger over concerns it would reduce competition in wireless local area network (WLAN) technology, but HPE, Juniper, and the DOJ have reached a settlement.