3Com Private Equity Deal Sours
Amazing as it may sound, the acquisition of 3Com by Bain Capital and Huawei is dead.
I've written about the deal here , and here's the (login required) Take Action Memo.
Citing the inability to reach a 'mitigation agreement' with the Committee on Foreign Investment in the US (CFIUS), Edgar Masri, 3Com CEO comments that he was 'disappointed' and promises to continue to build a 'global networking leader.'
The Wall Street Journal explained that the Democrat-led House Energy and Commerce committee planned to do a protracted 'investigation' into the deal, which would work to embarrass the Chinese and provide 'fodder' for the anti-business sentiment that the presidential nomination contest is fomenting.
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