Juniper trimming up for a sale?

17.10.2012
Those layoffs happening at might be to dress the company up for a sale.

That's some of the speculation swirling inside the company, fueled by reports that Juniper's hired an investment banker to manage bids from , and that EMC may be one of them.

DEAL MAKERS:

Benzinga.com reports that Juniper has hired JP Morgan to handle potential offers for the company. Citing unnamed sources, the site states Juniper's already received an offer in the high $20s per share, and that storage titan EMC has been mentioned as a potential buyer.

Investment firm ISI Group issued a report recently that EMC should take a look at Juniper in order to be a more full-service vendor to cloud service providers, and to move beyond partnerships - such as Cisco - .

Juniper's stock currently trades at $17.28 with 526.6 million shares outstanding. The company's market cap is $9.1 billion.