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3Com Snapped Up
By Mark Evans | September 28, 2007
First, Avaya got snapped up by private equity investors; now it’s 3Com. 3Com has been acquired by Bain Capital Partners for $2.2-billion - a move that will see it be taken private and have Huawei Technologies take a minority stake.
3Com shareholders will receive $5.30 in cash for each share of 3Com stock, or a premium of about 44 percent over the stock’s $3.68 closing price on Thursday.
With Avaya and 3Com now snapped, the question is who’s left for Nortel to acquire - if it wants to make a major move. One option is Polycom, which seems to be a pretty good fit. Another route is smaller, strategic acquisitions to bolster it Wi-Max, IP-TV or enterprise data businesses.
More: eWeek has more details about the deal.
Topics: M&A |