HPE's $14 billion acquisition of Juniper Networks encounters new challenges despite U.S. Department of Justice approval. Controversy arises from a reversal of the DOJ's prior opposition, prompting speculation and an objection letter from Senator Elizabeth Warren. A federal judge may conduct a "Tunney review" to assess the merger's public interest, potentially disregarding the DOJ's stance. HPE's stock has declined, compounded by pressure from activist investor Elliott Management, which holds a $1.5 billion stake in the company and seeks board seats, believing execution issues are impacting stock performance.
HPE's $14 billion acquisition of Juniper Networks faces renewed scrutiny as a federal judge may review its public interest due to conspiracy theories and political objections.
Despite the DOJ approving the merger, the sudden reversal of its position has led to speculation and concerns, including an objection letter from Senator Elizabeth Warren.
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