Private equity firm Bain Capital Partners and ChinaÆs Huawei Technologies will buy network equipment maker 3Com for $2.2 billion. The price translates to $5.30 per 3Com share, a 44% premium to the closing price on the Nasdaq on September 27.
The exact stake which will be held by Huawei, China's largest telecommunications equipment provider, was not disclosed but sources close to the deal say that the firm will own between 10% and 20%.
Citi and UBS are advising Bain and Huawei on the deal.
As a result of the transaction, Huawei gains enhanced distribution traction in new non-Asian markets. ôHuawei probably...
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