when HP Packard Enterprise CEO Antonio Neri won the U.S. Department of Justice reversal, allowing HPE to spend $14 billion to acquire Juniper Network, which he might be forgiven for thinking his troubles are behind him.
Instead, HPE was dragged into one of those weird magazine conspiracy theories around President Trump’s White House. Even Laura Loomer, an online Trump activist, is involved in some way.
Given that the Justice Department has abandoned opposition to the merger (previously complaining that it would reduce market competition), Neri could reasonably expect federal judges to oversee the lawsuit to abandon the deal.
However, because the Department of Justice’s sudden reversal caused the gear to rotate in the brains of multiple online detectives, resulting in Opposition letter from Senator Elizabeth Warrensuddenly, P. Judge CaseyPitts will make a “Tunney Review” that could overturn the deal.
“Tunney Review” is a judicial process asking whether a proposed merger is in the public interest. The Tunney Act was created in the 1970s to respond to President Nixon’s intervention in the M&A market.
Negative Comments will make negative comments about Neri, who boycotted activist Elliott Management, who bought a $1.5 billion stake in the company and asked for a board seat in part because it believes HPE stock was executed on Neri’s watch erroneously rejected. If things don’t move forward, Neri could lose her job, Sources told wealth.
How does HPE get here?
HPE believes it did nothing wrong and it just prevailed in regular judicial proceedings.
The company told the company wealth. “The deal was properly approved by certain remedies from the U.S. Department of Justice, which was unconditional approval by 13 other antitrust regulators around the world. We respect our regulators’ role in maintaining competitive markets and appreciate the professional and constructive way DOJ interacts with us in the approved deal.”
But there are several online companies with dirt excavators, including Frosted strips,,,,, Francine McKenna,,,,, Leverage News and Capitol Forumbefore approving the transaction, please note that the Ministry of Justice changes immediately in the Ministry of Justice. Two Justice Department lawyers in the case appear to have been removed from office, according to Traffic lights. Now HPE is On the front page of the Wall Street Journal As Chart 1 in the narrative, lobbyists are undermining the Maga antitrust agenda with a promise of new work in the United States (which HPE also denied.)
exist Federal Court case fileHPE listed its consultants as the deal. This includes the letter from Senator Warren described as “Mike Davis, antitrust thought leader who is consistent with the magazine. ”
Stoller and his online colleagues think the man is a lobbyist responsible for changing the minds of Attorney General Pam Bondi and her chief of staff, Chad Mizelle, thus turning back opposition to the deal.
Afterwards, Yabule used x To ensure HPE pays $1 million to President Trump to “sell the impact.” Loomer later deleted the post. Source previously told wealth They don’t understand Why Loomer is following this deal.
lever A proposal was made “In the last minute effort to save faces… the intelligence authorities have stepped in with rubber stamps for national security reasons, an claim that never appeared in any legal summary of the Justice Department and HP.” In fact, HPE Have done it National security is cited in a certificate of proposed judgment on July 7 that approved the transaction. ((You can see it on page 2. ) The national security perspective is that by combining HPE and juniper, it creates a larger market share for U.S. companies where possible alternatives Huaweimany Western governments believe this is the asset of the Communist Party of China. (Huawei repeatedly denied this allegation.)
The next step is to judge Pitts. It is not clear that Pitts will rubber-picture scan the Justice Department’s decision. Pitts is a Biden-appointed man who has worked in a public interest law firm before, so he may be skeptical of Trump’s Justice Department’s transition from a fierce opposition to “anything” so quickly.
His ruling may take several months.
“The ministry has been reiterating that the merger resolution is based solely on the merits of the deal,” the spokesman Gates McGavick said.
Meanwhile, HPE stock did not respond well to all gossip. Compared to the 8% increase in the S&P 500, it has fallen 5.7% so far. Elliott’s stake is a long position, which means they want the stock to rise. And they’re not just Willing to replace CEO If they don’t get what they want. Therefore, the pressure of NERI.
