Thursday, December 21, 2006

Juniper Networks still attractive takeover target despite charge caused by stock option granting - report

Juniper Networks, the California-listed networking company, shouldn’t see a stock option granting scandal hurt its attractiveness as a target, reported the San Jose Mercury News.
The report, citing analysts, said that even though Juniper was taking a charge of about USD 900m due to how the company issued stock options to chief executive officer Scott Kriens, analysts said it was still an attractive takeover target given the option grants happened in 1999.
The report was part of a broader story looking at options granting at Juniper.


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