February 9, 2004 — (WEB HOST INDUSTRY REVIEW) — Juniper Networks (juniper.net), a maker of networking gear, said on Monday that it would acquire network security solutions developer Netscreen Technologies (netscreen.com) in a stock swap worth an estimated $4 billion, according to a report by Reuters.
Juniper says that, according to the terms of the agreement, it will swap 1.404 of its own shares for each share of Netscreen.
The deal, expected to be completed in the second quarter, is intended to expand Juniper’s share of the corporate market, according to the report.
