Wednesday, December 15, 2004

Siemens Sells Partial Equity Holdings of Juniper Networks

Siemens has sold approximately 13 million shares of its holdings in Juniper Networks' common stock. Siemens remaining ownership in Juniper Networks common stock is below 5% of the total outstanding shares. Siemens received these shares in connection with the acquisition by Juniper Networks of Unisphere Networks from Siemens in 2002.

Siemens said it will continue to develop its commercial and technology relationship with Juniper Networks.

  • In 2002, Juniper Networks acquired Unisphere Networks, a division of Siemens, for $375 million in cash and 36.5 million JNPR shares. At the time the deal closed, Siemens held slightly less than 10% of the outstanding shares in Juniper. Unisphere developed the ERX edge router.


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