3Com Comes to the Mountain
Computer Reseller News reports:
Struggling networking vendor 3Com this week ousted President and CEO Edgar Masri and replaced him with an insider who will be based in China.
3Com Tuesday named board member Robert Mao as its new CEO. The Marlborough, Mass.-based company said it will support its increasing focus on its China-based H3C operations by basing [...]
3Com: Suing Bain to Ease the Pain
Computer Reseller News reports:
3Com shareholders on Friday voted to approve the $2.2 billion merger agreement with Bain Capital Partners, despite Bain terminating the deal on Thursday.
Approving the failed deal allows 3Com to aggressively pursue a $66 million termination fee since Bain backed out of the buyout agreement that would’ve made 3Com a wholly owned company [...]
3Com: Going, Going, Gone…
Computer Reseller News reports:
Bain Capital Partners on Thursday terminated its proposed $2.2 billion acquisition of networking equipment maker 3Com, saying merger talks between the parties had dissolved and that national and political security concerns stymied the deal.
3Com, however, said in a statement that it still plans to move forward with its shareholder meeting, set for [...]
3Com: Maybe It Just Isn’t Worth It
After everything Bain and Huawei have done to reach this point, is buying 3Com still worth it as the US teeters on the edge of recession? CNN had a story about takeover target’s (such as 3Com) stock dropping over concerns that the money may dry up. The article was framed as an indicator [...]
3Com Deal: More Hoops Please, We’re Bain
The Wall Street Journal reports (hat tip China Economic Review):
Bain Capital LLC and China’s Huawei Co. plan to resubmit an application seeking U.S. approval for their planned $2.2 billion buyout of 3Com Corp. within the next several weeks, according to people familiar with the matter.
The new transaction still would leave Huawei with 16.5% of the [...]
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