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Strategies & Market Trends : Speculating in Takeover Targets
ULBI 6.750-1.7%Nov 7 9:30 AM EST
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To: richardred who wrote (3250)1/13/2014 11:33:00 AM
From: richardred1 Recommendation

Recommended By
The Ox

   of 7243
 
Activist into JNPR now.

Juniper surges on activist investor plan

SAN FRANCISCO (MarketWatch) -- Juniper Networks Inc. JNPR +7.99% shares climbed almost 10%, to $25.78 Monday, after activist hedge fund Elliott Management Corp. said it was targeting the networking-equipment maker to return more value to shareholders. Elliott said it a Securities and Exchange Commission filing that it has acquired 6.2% of Juniper's stock, and it believes Juniper can boost its share price to $35 to $40 a share by increases share buybacks, paying a dividend, cutting expenses and streamlining its business operations. Elliott's said it is seeking talks about its plan with Juniper's management and board of directors. Elloitt's proposal comes less than two weeks after Shaygan Kheradpir became Juniper's new chief executive.
marketwatch.com
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