3Com Deal: Bain and Huawei Take Their Money and Go Home

The South China Morning Post reported:
Bain Capital’s pending US$2.2 billion purchase of 3Com Corp was thrown into doubt after the leveraged buyout firm and its Chinese partner failed to settle national security concerns with a United States government panel.
Bain and Huawei Technologies withdrew their application to the Committee on Foreign Investment (CFIUS) after the panel [...]

3Com Deal: Huawei is Mad as Hell

The Financial Times reports:
The Chinese company participating in the planned buy-out of a US telecoms equipment maker has angrily rounded on US politicians who claim the deal could endanger US national security.
Xu Zhijun, chief marketing officer at Huawei Technologies, told the Financial Times that the concerns expressed by some US lawmakers were “bullshit”.
Mr. Xu’s zesty [...]

3Com-Bain-Huawei Deal: 3Com Shareholder Vote Set

Shanghai Daily reports:
3COM Corp, the networking-equipment maker whose takeover by a Chinese company is under government scrutiny, said its shareholders will vote on the transaction on February 29.
The board is advising that investors vote in favor of the US$2.2-billion sale to Shenzhen-based Huawei Technologies Co and Bain Capital LLC, 3Com said in a regulatory filing. [...]

Bain, 3Com, Huawei: That Shoe Should Have Dropped by Now

In early October Bain Capital submitted their acquisition of 3Com to review by the Committee on Foreign Investment in the United States (CFIUS). The Organization for International Investment explains the review process:
After a transaction has been filed, CFIUS conducts an initial review, utilizing the full intelligence and national security infrastructure of the U.S. government, [...]

Review: 3Com’s 8-K Filing for the Bain & Huawei Acquisition

The filing is meant to address the national security concerns over the acquisition of a minority stake in 3Com by a Chinese firm, Huawei. It certainly succeeds. The document is clearly and concisely written and rather pointed in dismissing the hysteria. However, reading a little deeper into it reveals a more subtle [...]

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