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Friday, February 14, 2014

Deals of the day- Mergers and acquisitions, (NYSE: JNPR)

The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:** Jana Partners LLC built a major stake in Juniper Networks in the fourth quarter, according to a regulatory filing on Friday, making it another shareholder activist to invest in the networking-gear company and urge cost cutting. Jana's 13.4 million-share stake in Juniper means the activist investor owns about 2.65 percent of the company.

Juniper Networks, Inc. (Juniper Networks) designs, develops, and sells products and services that together provide its customers with network infrastructure. Shares of JNPR fell by 0.18% or $-0.05/share to $27.42. In the past year, the shares have traded as low as $15.62 and as high as $28.75. On average, 9730050 shares of JNPR exchange hands on a given day and today's volume is recorded at 3099870.