3Com, Bain Extend Talks to Late March
3Com announced that they'll once again push back their shareholders' meeting, from tomorrow to March 21, to try and salvage the company's private equity buyout by Bain Capital and Huawei Technologies.
The company released a statement saying,
Adjourning the meeting for an additional 14 days enables 3Com to continue working with Bain Capital Partners to construct alternatives that would address concerns raised by the Committee on Foreign Investment in the United States (CFIUS) regarding the pending merger transaction between the parties.
The WSJ's Deal Journal blog has been covering this pretty intensely, including a look at what 3Com's options are absent an acquisition that involves Huawei (Huawei being the part of the deal that has aroused the objections among U.S. regulators and legislators). Deal Journal also reports, under a rather overheated headline, that the U.S. Department of Defense is expressing some specific concerns about Huawei.
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