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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF
COMS 0.001700.0%Feb 6 9:30 AM EST

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To: Moonray who wrote (39)6/11/1997 1:03:00 PM
From: Scrapps   of 22053
 
U.S. Robotics holders approve 3Com merger

Reuters Story - June 11, 1997 12:30

%DPR %BUS %US %ELC %MRG % %E+ USRX COMS V%REUTER P%RTR
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Copyright 1997 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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CHICAGO, June 11 (Reuter) - U.S. Robotics Corp said
Wednesday its shareholders approved its merger with 3Com Corp
with 58 percent voting in favor of the deal.
During a meeting of shareholders here, U.S. Robotics also
said 3Com stockholders have cleared the deal.
The deal was valued at $8.5 billion and was expected to
close Thursday, June 12, the company said.
Under terms of the agreement, U.S. Robotics shareholders
receive 1.75 shares of 3Com for each U.S. Robotics share. U.S.
Robotics had 107.5 million shares outstanding including vested
options.
-- Reuter Chicago Newsdesk 312-408-8787
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