financetom
Business
financetom
/
Business
/
HPE-Juniper deal should be probed, Democratic AGs tell court
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
HPE-Juniper deal should be probed, Democratic AGs tell court
Sep 5, 2025 1:15 PM

(Adds dropped word to headline, quotation marks in paragraph 7)

By Jody Godoy

(Reuters) -Attorneys general from Colorado and 19 other states on Friday called for a court to consider rejecting a U.S. Department of Justice's settlement allowing Hewlett-Packard Enterprise to acquire Juniper Networks for $14 billion. 

The letter from the Democratic attorneys general is the latest development over the DOJ's decision to drop its attempt to block the merger, which a former DOJ official has said was influenced by politically connected lobbyists.

"If, upon exposing the settlement to sunlight, the evidence establishes that it was the product of undue influence, then the court should reject it as against the public interest," Colorado Attorney General Phil Weiser wrote.

Shortly after Trump took office in January, the Justice Department sued to block the deal, alleging it would stifle competition and lead to only two companies - Cisco Systems and HP Enterprise - controlling more than 70% of the U.S. market for networking equipment.

Ahead of a scheduled trial in San Jose, California, the DOJ agreed to drop its claims in June, in exchange for HP Enterprise agreeing to license some of Juniper's AI technology to competitors and sell off a unit that caters to small and mid-sized businesses.

A month later, two of the DOJ antitrust division officials who signed off on the deal were fired. Sources described the move as retaliation against Gail Slater, head of the antitrust division, for pushing back on orders from DOJ leadership to settle the case.

Roger Alford, one of the fired officials, said afterwards in a speech that two of Attorney General Pam Bondi's deputies "perverted justice" and acted inconsistently with the rule of law in connection with the settlement.

The court should hear testimony from Alford along with DOJ officials and consultants who represented HP Enterprise, the states said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Southern Michigan Bancorp Q3 net income up 16.7% to $3.02 mln
Southern Michigan Bancorp Q3 net income up 16.7% to $3.02 mln
Oct 29, 2025
Overview * Southern Michigan Bancorp ( SOMC ) Q3 net income rises 16.7% yr/yr to $3.02 mln * Net interest income for Q3 increases to $12.08 mln * Company reports record levels in loans, deposits, and total assets Outlook * Southern Michigan Bancorp ( SOMC ) did not provide specific future guidance Result Drivers * MARKET EXPANSION - Co attributes...
Boeing takes near $5 billion hit on 777X program
Boeing takes near $5 billion hit on 777X program
Oct 29, 2025
(Reuters) -Boeing ( BA ) reported a charge of nearly $5 billion related to delays in its 777X jet program on Wednesday, but its quarterly loss narrowed on improved production and deliveries of commercial aircraft. Despite progress on the 737 MAX, the planemaker continues to face setbacks with its 777X program. It said on Wednesday the first delivery of the...
Distilled spirits maker MGP Ingredients beats Q3 sales expectations, hikes FY profit view
Distilled spirits maker MGP Ingredients beats Q3 sales expectations, hikes FY profit view
Oct 29, 2025
Overview * MGP Ingredients ( MGPI ) Q3 sales fell 19% but beat analyst expectations * Adjusted EPS for Q3 decreased 34% to $0.85 * Company raises full-year adjusted EBITDA and EPS outlook Outlook * MGP Ingredients ( MGPI ) raises full-year adjusted EBITDA guidance to $110 mln-$115 mln * Company tightens full-year sales guidance to $525 mln-$535 mln *...
Fortive Q3 revenue up 2.3%, beats estimates
Fortive Q3 revenue up 2.3%, beats estimates
Oct 29, 2025
Overview * Fortive ( FTV ) Q3 revenue rises 2.3% yr/yr, beating analyst expectations * Adjusted EPS for Q3 beats analyst estimates, rising 15.3% yr/yr * Company executed $1 bln in share repurchases, representing ~6% of shares outstanding Outlook * Fortive ( FTV ) raises full-year 2025 adjusted EPS guidance to $2.63-$2.67 * Company cites strong Q3 performance for guidance...
Copyright 2023-2026 - www.financetom.com All Rights Reserved