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 [...]
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 “bullshitâ€.
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. [...]
Update: Huawei and Symantec Deal Gets EU Approval
I wasn’t aware that a deal between a hardware firm and a software firm had to be reviewed, but People’s Daily reports that the EU has approved the joint venture.
The article sums it all up:
Earlier this year, Huawei and Symantec agreed to form a joint venture which will develop security and storage appliances for [...]
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