Market Chatter: Senators Ask US Justice Department to Probe HPE-Juniper Settlement

MT Newswires Live08-02

Four Democratic senators are asking the Justice Department's inspector general to probe an antitrust settlement with Hewlett Packard Enterprise (HPE) and Juniper Networks, Bloomberg reported on Friday.

In June, the Justice Department had announced a settlement with HPE and Juniper just days before the case was set for a trial over antitrust concerns. The deal has now closed, but the settlement still needs a judge's nod, it added.

According to the report, the senators in a letter to Acting Inspector General William Blier, said the settlement indicates "possible politicization of the process" in the way the Justice Department handled the merger review and settlement.

The global technology company did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 19.84, Change: -0.85, Percent Change: -4.11

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment