HP to acquire 3Com in $2.7 billion deal

It’s been a little while since we’ve seen a good multi-billion dollar acquisition, but HP’s sure come through in a big way today, announcing that it plans to acquire networking giant 3Com in an all-cash deal valued at $2.7 billion, or $7.90 a share. The deal will, of course, still have to clear a few regulatory hurdles and receive the approval of 3Com’s stockholders, but it has already been given the go-ahead by both company’s boards of directors, and HP expects the transaction to close in the first half of 2010.

Filed under: Networking

HP to acquire 3Com in $2.7 billion deal originally appeared on Engadget on Wed, 11 Nov 2009 16:50:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments