3Com sells itself off to PE company
Bain main shareholder
NETWORKING FIRM 3Com said it will sell its shares to Bain Capital Partners with shareholders getting $5.30 each a pop.
The total transaction is worth about $2.2 billion, while some of the shares will be acquired by Huawei, which already has a deal in place with 3Com.
The deal is expected to be completed by early next year, CEO Edgar Masri said the agreement allows 3Com to better establish itself as a global networking leader. µ
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Bain's Investment Thesis
Read this:http://sramanamitra.com/2007/09/28/3com-is-now-really-going-after-cisco/