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.
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.
