Make Homepage | Add To Favorites | Print Page | Submit News | Feedback | Contact | 

Your Technical Computer Information Resource!  
  Technical Updates @ TACKtech Corp.  

09.28.2007 - 3Com Announces Agreement to Be Acquired by Bain Capital Partners for $5.30 Per Share in Cash

View News related news. MARLBOROUGH, Mass.--(BUSINESS WIRE)--Sept. 28, 2007--3Com Corporation (NASDAQ: COMS) today announced that it has signed a definitive merger agreement to be acquired by affiliates of Bain Capital Partners, LLC, a leading global private investment firm, for approximately $2.2 billion in cash.

Under the terms of the agreement, shareholders will receive $5.30 in cash for each share of 3Com common stock they hold. This represents a premium of approximately 44 percent over 3Com's closing price of $3.68 on September 27, 2007.

The Board of Directors of 3Com has unanimously approved the merger agreement and has resolved to recommend that 3Com's shareholders adopt the agreement.

- View Press Release
- Visit 3COM Corporation

NID: 18321 / Submitted by: TACKtech Team
Categories: Press Release
Most recent News related news.
Adeneo Embedded’s Rajesh Kakde and Nick McCarty Are Awarded Microsoft Windows Embedded MVP Status
E2E Infotech Develops Orc-to-Wombat Interface for International Algorithmic Trading
Mentat Technologies: DreamCoder for Oracle 2009 released
phpLiveDocx Offers PDF, DOCX, DOC and RTF Generation for PHP
The Imaging Source Announces LiveDocx: Generate PDF documents with a web service
View archive of News related news.

Visit the TACKtech Shop
  Popular Tech News  
  Most Viewed News  
  Top Affiliates