3Com sets meeting date for merger vote

By Lisa Kerner

Charlotte, N.C., Jan. 28 - The board of directors of 3Com Corp. unanimously approved the company's acquisition by Diamond II Holdings, Inc., an affiliate of Bain Capital Partners, LLC.

3Com shareholders will be asked to approve the deal at a special meeting on Feb. 29 at 8 a.m. ET at the company's headquarters, according to a schedule 14A filing with the Securities and Exchange Commission.

In September, 3Com agreed to be acquired by Bain Capital's affiliates for $5.30 cash per share, or some $2.2 billion.

It was previously reported that as part of the transaction, affiliates of Huawei Technologies will acquire a minority interest in the company and become a commercial and strategic partner of 3Com.

Bain is a private investment firm based in Boston.

3Com, located in Marlborough, Mass., provides secure, converged voice and data networking solutions.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.