Fly News Breaks for March 2, 2015
ARUN, HPQ
Mar 2, 2015 | 09:54 EDT
After HP (HPQ) confirmed plans to acquire Aruba Networks (ARUN) for $2.7B net of cash and debt, Cantor said it views the deal as complimenting HP's existing networking portfolio but that it also believes HP's capital would be better spent on cloud and Big Data software-related vendors. Cantor has a $35 price target and Hold rating on HP shares.
News For HPQ;ARUN From the Last 2 Days