LYCOS RETRIEVER 
3Com: Deal
built 632 days ago
In September, 3Com agreed to a $2.2 billion buyout by Bain. In the deal, Huawei would own about 16 percent of 3Com. The move raised hackles from the US. Committee on Foreign Investment almost immediately since 3Com is a supplier to the Pentagon and TippingPoint ... has critical intrusion detection technology.
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After the sub-prime housing credit crunch staggered the bond market during the summer, the 3Com deal suggests that leveraged buyout firms still can tap financing. Bain won financing commitments from Citigroup Global Markets Asia, UBS, The Hongkong and Shanghai Banking Corp, ABN AMRO Bank and Bank of China.
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The buyers are offering $5.30 a share, a 44 per cent premium to 3Com's closing price of $3.68 on Thursday. Debt financing for the deal will be raised through the Asian branches of Citigroup and UBS, as well as HSBC, ABN Amro and Bank of China.
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