If they are pursuing a sell, they need to disclose to ALL shareholders ASAP not just Elliott...
Juniper M&A rumors pop up again
Oct 6 2015, 19:01 ET | About: Juniper Networks (JNPR) | By: Eric Jhonsa, SA News Editor
"I've been hearing Juniper (NYSE:JNPR) may go private for a while," says an "experienced [Silicon] Valley technology executive" speaking with Light Reading. "It's the same threat as Riverbed ... In Juniper's case, it would be cool…it is needed."
The "threat" in question is pressure from activist Elliott Management, which had a stake in Riverbed prior to its acquisition by P-E firm Thoma Bravo, and has prodded Juniper to carry out major job cuts and capital returns. To date, Elliott hasn't publicly demanded a sale.
Meanwhile, a "senior executive in the router sector" states Juniper has been looking for a buyer. In addition, Benzinga recently reported hearing "unconfirmed market chatter" (doesn't always pan out) that Juniper has hired Goldman to "assist it in handling offers to take the company private for $32 per share."
Earlier this year, the Nokia/Alcatel-Lucent deal fueled speculation Ericsson would counter by bidding for Juniper. Ericsson has said it's open to a major acquisition, but hasn't yet pulled the trigger on such a deal.
With a $10.9B market cap - a buyout might require a $13B+ price - Juniper would be a big fish for a peer or P-E firm to swallow.
Yesterday: Juniper rallies after landing Stifel upgrade, announcing AT&T deal