IFLR1000

Hewlett Packard Enterprise $1.3 billion acquisition of Cray

17/5/2019
Public acquisition
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$ 1.3 billion

Announced

17/5/2019

Overview:

  • Hewlett Packard Enterprise (HPE) has acquired supercomputer manufacturer Cray in a $1.3 billion deal. 
  • HPE paid Cray's shareholders $35 per share in cash. 
  • Morgan Stanley acted as financial adviser for Cray. 
  • The transaction is expected to close in the first quarter of 2020. 

Kurt Stumpo - US Editor

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Technology and telecommunications

Firms:
Wachtell Lipton Rosen & Katz

Party: Hewlett Packard Enterprise (Acquirer)

Lawyers: Andrew Brownstein, Benjamin Roth, Raaj Narayan

Wilson Sonsini Goodrich & Rosati

Party: Morgan Stanley (Financial adviser)

Lawyers: Douglas Schnell, Martin Korman, Todd Cleary

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