Hewlett Packard Enterprise stock slides following $1.35bn stock offering to fund Juniper deal
Hewlett Packard Enterprise (HPE) saw a significant decline in its stock price after announcing a $1.35 billion mandatory convertible preferred stock offering. The offering aims to fund its acquisition of networking equipment manufacturer Juniper Networks, a deal valued at $14 billion and intended to bolster HPE’s capabilities in artificial intelligence (AI) infrastructure. Stock Price Impact […]