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HPE wants investors to buy shares to help finance $14B Juniper Networks acquisition

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27 million Series C Preferred Stock due out on Friday 13

Hewlett Packard Enterprise is turning to investors to help raise upward of $1 billion to fund its expensive purchase of networking rival Juniper.

"The proceeds from the Offering will be approximately $1.32 billion after deducting the underwriting discount but before expenses," said the server and storage maker. The stock offer is scheduled to be"consummated" on or around September 13 – a Friday, so unlucky for some. And of course it is subject to customary closing conditions.

 

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