Tag: 3com

Bain and Huawei abandon their $2.2 billion bid for 3Com citing regulatory hurdles, putting an end to a deal that has been on the drawing board since September 2007. 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. Huawei’s ownership of a 16.5% stake in 3Com will test whether the US is open to Chinese investment, particularly in sectors perceived as strategic. Bain teams up with former partner Huawei of China to take 3Com private, in a deal which signals that Asia's LBO market remains open for business. 3Com spends $882 million to increase its stake in its China joint venture from 51% to 100%. 3Com, provider of computer networking products, is streamlining its business. Slow growth product arms have been cut, and so have its banking relationships. 3Com talks about ...