- Silicon Graphics (NASDAQ:SGI) +27.9% AH after agreeing to be acquired by Hewlett Packard Enterprise (HPE) for ~$275M, or $7.75/share in cash, a 30% premium to today's closing price.
- HPE says the deal will enhance its data analytics and high-performance computing operations.
- The announcement came as SGI posted better than expected Q2 earnings on 20% lower revenues Y/Y.