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HP Acquires 3Com Corporation for $2,700,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=94fdfc82-aa60-4f2b-ba0f-1ead93415159&Preview=1
Date
11/11/2009
Company Name
3Com Corporation
Mailing Address
350 Campus Drive Marlborough, MA 01752-3064
Company Description
Throughout our 30-year history, 3Com has been an innovator in developing networks for global enterprises of all sizes. Since the company’s inception and delivery of its first Ethernet transceiver and adapter, 3Com has consistently offered customer-driven technology solutions that help enterprises optimize their budgets and resources, increase productivity, and realize their business goals.
Website
http://www.3com.com
Transaction Type
M&A
Transaction Amount
$2,700,000,000
Transaction Round
Proceeds Purposes
M&A Terms
HP and 3Com announced that they have entered into a definitive agreement under which HP will purchase 3Com, a leading provider of networking switching, routing and security solutions, at a price of $7.90 per share in cash or an enterprise value of approximately $2.7 billion. The terms of the transaction have been approved by the HP and 3Com boards of directors.