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3Com goes private in Bain, Huawei deal

$2.2b buyout seen affirming strength in Asian markets

3Com shareholders will receive $5.30 per share for their stock, a premium of 44 percent over Thursday closing price of $3.68. 3Com shareholders will receive $5.30 per share for their stock, a premium of 44 percent over Thursday closing price of $3.68. (Lisa Poole/Associated Press/File 2007)
By Hiawatha Bray
Globe Staff / September 29, 2007

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The long-rumored private equity buyout of 3Com Corp. came to fruition yesterday, as Bain Capital and Chinese networking company Huawei Technologies acquired the communications networking company for $2.2 billion in cash. (Full article: 773 words)

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