Valleywag
3Com has agreed to be acquired by Bain Capital for about $2.2 billion in cash — a 44 percent premium over Thursday's closing price. Included in the deal is a minority stake in 3Com for Chinese network giant Huawei Technologies, which is getting control of H3C, the companies' joint venture. By shutting out Nortel, which also was interested in 3Com, Huawei prevents its Canadian rival from getting a foothold in its rapidly expanding home market. [WSJ]
1:08 PM on Fri Sep 28 2007
By Jordan Golson
106 views
Comment
Comment on this post
Reply by EmailLogin with your username and password below. Or comment on this post via email.
Forgot your username or password? New User?