3Com Acquisition Under Investigation
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A U.S. Department of Treasury committee is reviewing the proposed acquisition of networking vendor 3Com by Bain Capital and Huawei Technologies.
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The Federal Trade Commission said yesterday it is investigating TJX Cos. in connection with a major security breach at the Framingham retailer that potentially exposed millions of customers' credit and debit card data.
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With its recent acquisition, the software maker may have found something its customers are looking for.
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THE REGION 3Com Corp. shares rose in after-hours trading after The Wall Street Journal reported buyout firms are examining possible takeover offers for the unprofitable maker of computer-networking gear. Buyout firms such as Silver Lake Partners and Boston-based Bain Capital LLC approached 3Com about a purchase, the Journal said on its website. The two firms unsuccessfully sought last year to ...
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3Com Corp. (COMS.O: Quote, Profile, Research) on Monday said it will buy network security firm TippingPoint Technologies Inc. (TPTI.
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Intuit's move to acquire financial services vendor Digital InsightÂ this week, Â and 3Com Corp.'s deal to buy out Huawei Technologies Co. Ltd's stake in their joint venture are signs that mergers and acquisitions activity continues unabated. The question is what this means for technology generally.
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3Com said Wednesday that it has withdrawn a $2.2 billion offer for the network equipment maker from consideration by a federal national security regulator, marking the potential demise of yet another private equity deal. It crystallizes months of fears and skepticism by investors that the buyout, by Bain Capital and China's Huawei Technologies, would fail because [...].
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MARLBOROUGH, Mass. -- 3Com Corporation (Nasdaq: COMS - message board) today announced it has signed an agreement to acquire publicly held TippingPoint Technologies, Inc.
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The Securities and Exchange Commission is investigating WorldCom Inc.'s official creditors committee, requesting reams of documents related to members' dealings as well as information they reviewed about WorldCom's health and prospects.
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The Pentagon is investigating the contracts as part of a broader investigation into influence-peddling involving a former Air Force official and the Boeing Company.
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3Com (COMS: news, chart, profile) reported a loss of $35.5 million, or 9 cents a share, compared with a loss of $106 million, or 29 cents a share, in the same period a year ago.
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Officials at 3Com said today they have signed an agreement to acquire TippingPoint Technologies, a maker of intrusion-prevention systems.
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The Motley Fool - For more than three years running, networking equipment maker 3Com (Nasdaq: COMS - News) has consistently bested Wall Street's consensus earnings estimates -- yet it hasn't earned a profit in any quarter over the whole stretch. Last quarter, the firm managed to break even; might tomorrow's fiscal Q2 2007 report finally put 3Com in the black?
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European antitrust regulators have announced they will conduct an in-depth investigation into a plan by Microsoft and Time Warner to acquire digital rights management company ContentGuard, a move that&#39;s seen as a setback for the deal.
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A third pharmaceutical giant said Sunday it is being investigated by Britain's Serious Fraud Office (SFO) over alleged breaches of the United Nations oil-for-food programme in Saddam Hussein's Iraq.
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3Com Monday announced plans to acquire TippingPoint Technologies, a maker of intrusion prevention systems, for approximately $430 million in stock.
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A deal for Bain Capital Partners and China&#39;s Huawei Technologies to buy 3Com is on hold because the companies were unable to come to agreement with the U.S. Committee on Foreign Investment in the United States (CFIUS) about&#160;security concerns.The three companies have withdrawn their joint filing with CFIUS, although they remain committed to continued discussions, they announced Wednesday.The proposed $2.2 billion deal, announced in September, raised security concerns because of networking giant Huawei&#39;s close ties with the Chinese government. Under the proposed deal, Bain would have gotten an 83.5 percent stake in 3Com and Chinese networking giant Huawei Technologies would have gotten the remaining piece. CFIUS, part of the U.S. Department of Treasury, is investigating whether the investment by Huawei poses a risk to U.S. national security after Bain voluntarily submitted the deal for review in October.&quot;We are very disappointed that we were unable to reach a mitigation agreement with CFIUS for this transaction,&quot; Edgar Masri, president and CEO of 3Com, said in a statement. &quot;While we work closely with Bain Capital Partners and Huawei to construct alternatives that would address CFIUS&#39; concerns, we will continue to execute our strategy to build a global networking leader.&quot;Among the critics of the deal was U.S. Representative Thaddeus McCotter, a Michigan Republican. Huawei&#39;s stake in 3Com, which markets intrusion detection systems, would &quot;gravely compromise&quot; U.S. national security, he said in a House floor speech in October. The U.S. Department of Defense uses 3Com intrusion detection products, and Chinese hackers have targeted the agency, McCotter said.The companies had argued that Bain Capital, based in Boston, would have a controlling interest in 3Com. &quot;Bain Capital will be able to make all operational decisions for the company, to set budgets, to spend money, to make investments, and to hire and fire personnel,&quot; 3Com said in an October filing with the U.S. Securities and Exchange Commission. &quot;Huawei will not have any control over the operation of the business.&quot;