Thursday, November 10, 2005

Siemens Sells Shares in Juniper

Siemens sold its remaining 22.8 million shares in Juniper Networks for $544.1 million. Siemens' equity stake was originally obtained in 2002 when Juniper acquired Unisphere Networks, which was a division of Siemens.

  • In December 2004, Siemens 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.
  • 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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