05:33 AM EDT, 09/10/2024 (MT Newswires) -- Hewlett Packard Enterprise ( HPE ) said late Monday it launched an underwritten registered public offering of $1.35 billion of its series C mandatory convertible preferred shares.

The company plans to grant the underwriters a 30-day option to purchase up to $150 million in additional preferred shares.

Hewlett Packard ( HPE ) said proceeds from the offering will be used to fund its planned acquisition of Juniper Networks ( JNPR ) and for general working capital.

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