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09.28.2007 - 3Com Announces Agreement to Be Acquired by Bain Capital Partners for $5.30 Per Share in Cash



View News related news. MARLBOROUGH, Mass.--(BUSINESS WIRE)--Sept. 28, 2007--3Com Corporation (NASDAQ: COMS) today announced that it has signed a definitive merger agreement to be acquired by affiliates of Bain Capital Partners, LLC, a leading global private investment firm, for approximately $2.2 billion in cash.

Under the terms of the agreement, shareholders will receive $5.30 in cash for each share of 3Com common stock they hold. This represents a premium of approximately 44 percent over 3Com's closing price of $3.68 on September 27, 2007.

The Board of Directors of 3Com has unanimously approved the merger agreement and has resolved to recommend that 3Com's shareholders adopt the agreement.

- View Press Release
- Visit 3COM Corporation

NID: 18321 / Submitted by: TACKtech Team
Categories: Press Release
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