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-   -   HP to Acquire 3Com for $2.7 Billion (http://www.madshrimps.be/vbulletin/f22/hp-acquire-3com-2-7-billion-67698/)

jmke 12th November 2009 17:47

HP to Acquire 3Com for $2.7 Billion
 
HP (NYSE: HPQ) and 3Com Corporation (NASDAQ: COMS) (“3Com”) today 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.

This combination will transform the networking industry and underscore HP’s next-generation data center strategy built on the convergence of servers, storage, networking, management, facilities and services. The resulting business outcome will help customers simplify the network, deploy a unique and innovative edge-to-core network fabric for the enterprise and improve IT service delivery capabilities, all delivered with best-in-class price-performance.

http://phx.corporate-ir.net/phoenix....403&highlight=


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