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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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