Hewlett-Packard To Buy 3Com For $2.7B

By Elaine Meyer

Law360, New York (November 11, 2009, 5:51 PM ET) -- Hewlett-Packard Co. has agreed to acquire networking and security services provider 3Com Corp. for $2.7 billion, in a move that will expand HP's business in China and integrate the technology giant's networking and security services, the companies announced Wednesday.

HP, based in Palo Alto, Calif., will pay stockholders of Marlborough, Mass.-based 3Com $7.90 a share, in a transaction that is expected to close in the first half of 2010, according to a statement.

The acquisition will “transform” the networking industry into one that is built on...
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