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3Com, Bain and Huawei still talking buyout




3Com, Bain and Huawei still talking buyout
3Com, Bain and Huawei still talking buyout



http://www.computerworld.com/action/article.do?command=viewArticleBasic&taxonomyName=security&articleId=9065878 

By Matt Hamblen
February 29, 2008 
Computerworld

3Com Corp. immediately adjourned a shareholder meeting today and plans 
to reconvene it next Friday to allow time for merger discussions to 
continue with Bain Capital Partners LLC and China's Huawei Technologies 
Co.

All three companies withdrew a filing before the Committee on Foreign 
Investment in the U.S. last week amid reports that the CFIUS was 
concerned over national security issues related to the proposed $2.2 
billion deal.

A spokeswoman confirmed today that the meeting was postponed until 8 
a.m. March 7, after 3Com issued a statement that the company is 
continuing to work with Bain to "construct alternatives" to the concerns 
raised by the CFIUS. The committee has raised national security 
questions regarding the investment by Huawei, which is based in 
Shenzhen, China, and has close ties to the Chinese government.

The Wall Street Journal reported today, citing unnamed sources, that the 
companies plan to resubmit an application for U.S. approval of the deal 
within the next several weeks.


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