We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Wachtell, Fenwick Shape Hewlett-Packard's $1.3B Cray Buy

Law360 (May 17, 2019, 10:33 AM EDT) -- Hewlett-Packard, led by Wachtell, unveiled plans Friday for a $1.3 billion takeover of Fenwick client and supercomputer company Cray as it looks to meet growing data processing needs.

California-based Hewlett Packard Enterprise lauded Cray Inc.’s success at offering supercomputer solutions to clients who need to process large amounts of data. The deal is expected to better position Hewlett-Packard to tap into the growing high-performance computing market segment, which is expected to reach $35 billion in 2021.

“This is an amazing opportunity to bring together Cray’s leading-edge technology and HPE’s wide reach and deep product portfolio, providing customers of all sizes with...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!