3Com-Bain-Huawei: All over But the Suing
Lost (at least by me, to be frank) in all the VoiceCon hoopla last week was the anti-climactic death of the 3Com-Bain Capital-Huawei buyout. The deal apparently died last Thursday, and the next day, 3Com's shareholders approved it. That's not quite as crazy as it sounds.
In the link above, AP reports that Bain said last Thursday it was backing out of the deal because of the widely-reported objections by various folks in the U.S. government. The next day, 3Com shareholders voted to approve the deal and 3Com took the position that the acquisition is a go.
Apparently it's all about positioning for the inevitable lawsuit, which in this case will center on a $66 million breakup fee.
This is a public forum. CMP Media and its affiliates are not responsible for and do not control what is posted herein. CMP Media makes no warranties or guarantees concerning any advice dispensed by its staff members or readers.
Community standards in this comment area do not permit hate language, excessive profanity, or other patently offensive language. Please be aware that all information posted to this comment area becomes the property of CMP Media LLC and may be edited and republished in print or electronic format as outlined in CMP Media's Terms of Service.
Important Note: This comment area is NOT intended for commercial messages or solicitations of business.
