will-bainhuawei-abandon-its-takeover-of-3com

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3Com yesterday announced that, along with Bain Capital and Huawei Technologies, it has withdrawn its filing to the US Committee on Foreign Investment CFIUS, putting the outcome of the $2.2 billion joint takeover of 3Com by Bain and Huawei in question.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 acquisition of networking company 3Com, which was announced in September, to move ahead.

Under the takeover proposal tabled for CFIUS approval, Bain was to own...

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