HP Enterprise announces offering of 27M shares of convertible preferred stock

Hewlett Packard Enterprise Company announced that, subject to market and other conditions, it has commenced an offering of $1.35B, or 27M shares, of Series C Mandatory Convertible Preferred Stock of HPE, in an underwritten registered public offering. HPE intends to use the net proceeds from the offering to fund all or a portion of the consideration for the previously announced pending acquisition of Juniper Networks, to pay related fees and expenses, and, if any proceeds remain thereafter, for other general corporate purposes. Citigroup, J.P. Morgan, and Mizuho will act as joint book-running managers for the offering.