Hewlett Packard shares fall on $1.35B convertible stock offering for Juniper buyout
HPE shares fall 6.4% after the company announced a $1.35 billion convertible preferred stock offering to fund the Juniper acquisition. HPE’s $14 billion acquisition of Juniper Networks is aimed at bolstering its AI offerings in response to growing enterprise demand. OUR TAKEHewlett Packard Enterprise (HPE) has announced a $1.35 billion mandatory convertible preferred stock offering…