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3Com Sold in $2.2 Billion Deal

M

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Networking company 3Com announced Friday that it will be acquired by private equity company Bain Capital and former joint-venture partner Huawei Technologies in a $2.2 billion cash deal. Under the terms of the deal, 3Com shareholders will get $5.30 in cash per share, representing a 44 percent premium over 3Com's September 27 Nasdaq closing price of $3.68.
3Com has a strong competitive position, and we believe there are significant opportunities to grow by acquiring customers and introducing new products,
Click to expand...
Jonathan Zhu, a Bain Capital managing director based in Hong Kong, said in a statement.

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WarEagleAU

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You know, all these companies these days are being acquired or bought out by private firms...and it has me worried. Why all the sudden interest in these companies, especially ones where their share value is so low?
 
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