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HP buys Aruba Networks for $2.7 billion
2015-03-02 21:17:43| Wireless - Topix.net
Hewlett-Packard is buying wireless networking company Aruba Networks for about $2.7 billion, in what amounts to HP's first major acquisition since its disastrous purchase of a British software company in 2011. Aruba, based in Sunnyvale, Calif., makes Wi-Fi networking systems for shopping malls, corporate campuses, hotels and universities.
Tags: networks
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HP to acquire Aruba Networks for USD 3 billion
2015-03-02 16:53:00| Telecompaper Headlines
(Telecompaper) HP has confirmed an agreement to acquire Wi-Fi equipment specialist Aruba Networks for USD 3.0 billion. Net of Aruba's cash and debt, the price totals USD 2.7 billion. Aruba and its 1,800 employees will join HP's Enterprise Group. Aruba's CEO Dominic Orr will lead the new unit focused on enterprise campus networking equipment, and HP will continue to use the Aruba brand. Aruba had revenues of USD 729 million in fiscal 2014 and has reported compound annual revenue growth of 30 percent over the last five years. HP said it will also leverage Aruba's highly regarded innovation engine and specialized sales, marketing and channel model. HP expects the acquisition to be accretive to earnings in the first full year following close. The transaction is expected to close in the second half of HP's fiscal year 2015, subject to Aruba stockholder approval and regulatory approvals in the US and other countries.
Tags: networks
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Cardinal Health offers to buy Johnson & Johnson's Cordis business for about $1.94 billion
2015-03-02 16:33:27| Biotech - Topix.net
Cardinal Health is offering to buy a unit of Johnson & Johnson that makes heart devices for approximately $1.94 billion. Johnson & Johnson's Cordis business, which is based in Fremont, California, had 2014 revenue of about $780 million.
Tags: business
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The Wall Street Journal: Actavis set for $20 billion corporate-bond sale
2015-03-02 14:28:45| Biotech - Topix.net
Pharmaceutical company Actavis PLC is expected to sell more than $20 billion in bonds as early as this week, a deal that would rank as the second-largest corporate bond ever and further propel bond sales this year into record territory. Traders expect the bonds to fly off the shelves, with investors globally searching for income-generating investments at a time of low rates on safe government debt.
Frontier's $10 billion deal
2015-03-01 13:30:40| Telecom - Topix.net
The Stamford, Connecticut, media services company said it would acquire copper-based landline assets from Verizon Communications Inc. for more than $10.5 billion in cash.
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