Juniper Jumps 10% on Activist Plan

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Jan. 13 (Bloomberg) –- Bloomberg’s Su Keenan reports on Juniper Networks being targeted by activist hedge fund Elliott Management Corp., which is seeking cost cuts, stock buybacks and other changes at the network. She speaks to Deirdre Bolton on Bloomberg Television’s “Money Moves.” (Source: Bloomberg)

All part of the plan.

Investors seem to like it.

They put out proposed changes that the shares could go even higher.

It's 6.2% stake in juniper networks and its plan to see 200 million in annual cost cuts to the tune of a million dollars earlier today.

The new ceo and team have a unique opportunity to immediately unlock significant value at the company.

Juniper shares have lagged the snp for the past three years.

-- s&p for the past three years.

What has been the reaction from juniper?

They welcome input.

This is the fund's latest target.

Last week it offered $19 a share for riverbed.

They also reached an agreement with compuware.

They will be able to name two directors as part of the accord.

How is the activist strategy working for paul singer?

Quite well.

His fund returned a 12% return fund.

Many say that his activist strategy is a good one for 2014. thank you.

We want to bring you some breaking news.

You probably saw it cross on the bottom half of the screen.

U.s. december budget surplus at

This text has been automatically generated. It may not be 100% accurate.

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