HPE’s $14 Billion Deal for Juniper Draws Shareholder Challenge

A Juniper Networks Inc. investor sued Wednesday to halt a shareholder vote on its $14 billion sale to Hewlett Packard Enterprise Co. until more information about the deal is made public.

The proposed class action seeks an injunction blocking the April 2 vote pending supplemental disclosures about the process leading up to the transaction announced in January, especially about competing bids. The price of $40 a share appears too low, although Juniper CEO Rami Rahim may have had other reasons for favoring the transaction, the lawsuit says.

As it stands, the software company’s stockholders don’t have enough information to ...