For Juniper Networks there have already been multiple bids in the sector from the big players including Cisco, and Texas Instruments. Discussions have been going on and off between interested parties for the past six months, and it is believed a deal could happen as soon as before Christmas. Morgan Stanley are said to be advising Juniper, while JP Morgan are acting on behalf of Texas Instruments.
There are up to three companies looking at Juniper – Cisco, Texas Instruments being the leaders. Nokia has already been knocked back due to a lowball offer, as much as anything else. H-P was in discussions for months, and made an offer around $35, which was deemed unacceptable.
Juniper is holding out for above $40 a share. At this stage it is all about the right price. All the options trading and social media speculation is a case of no smoke without fire. This is especially the case given that Morgan Stanley and JP Morgan are advising the deal.
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