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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

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From: Sr K	9/28/2007 10:11:54 AM
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Reuters U.S. Company News 09:38 a.m. 09/28/2007 NEW YORK, Sept 28 (Reuters) - 3Com Corp (COMS) said on Friday it agreed to be bought by affiliates of private equity firm Bain Capital Partners for about $2.2 billion in cash, China's Huawei Technologies [HWT.UL] would take a minority stake. Under the terms of the deal, 3Com shareholders would get $5.30 in cash per share, representing a 44 percent premium over 3Com's Sept. 27 Nasdaq closing price of $3.68, 3Com said. (Reporting by Sinead Carew)

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