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 [...]
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 [...]
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