Will Bain-Huawei abandon its takeover of 3Com?
3Com withdraws a filing for foreign investment approval of the Bain-Huawei takeover, leading some experts to suggest a deal can only progress without Huawei as a partner.
3Com yesterday announced that, along with Bain Capital and Huawei Technologies, it has withdrawn its filing to the US Committee on Foreign Investment CFIUS, putting the outcome of the $2.2 billion joint takeover of 3Com by Bain and Huawei in question.
CFIUS has the right ôto suspend or prohibit any foreign acquisition, merger or takeover of a US corporation that is determined to threaten the national security of the United Statesö. The CFIUS approval was considered key for the...
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