Hewlett-Packard Co. has reached an agreement to buy Massachusetts-based 3Com. HP, based in Palo Alto, Calif., will pay about $2.7 billion—about $7.90 per share—for 3Com’s stock. That represents a 39 percent premium above 3Com’s closing share price on the day the deal was announced.
3Com, a networking equipment manufacturer, has about $1.3 billion in annual revenues. It is a market leader in China, which reportedly was a key factor in HP’s decision to make the buy. HP had $118 billion in revenues last year.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
