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Juniper Networks Doles Out $176 Million For Contrail Systems
2012-12-13 16:17:57

Peter Suciu for redOrbit.com — Your Universe Online On Wednesday Juniper Networks, manufacturer of networking equipment, disclosed that in an SEC filing its plans to purchase networking start-up Contrail Systems for $176 million in stock and cash. The deal was struck last week and could close before the end of the year, if approval is met. The terms of the deal would provide Contrail Systems with $57.5 million in cash plus 5,819,148 shares of Juniper stock. Not a bad holiday...


Word of the Day
omphalos
  • The navel or umbilicus.
  • In Greek archaeology: A central boss, as on a shield, a bowl, etc.
  • A sacred stone in the temple of Apollo at Delphi, believed by the Greeks to mark the 'navel' or exact center-point of the earth.
'Omphalos' comes from the ancient Greek.
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