Last updated on April 20, 2014 at 5:20 EDT

Latest 3Com Corp. Stories

2009-11-12 10:45:40

Hewlett-Packard Co has announced it will acquire 3Com Corp in a $2.7 billion deal that is being seen as a direct threat to Cisco Systems. 3Com manufactures devices for Internet connections, such as routers and Ethernet switches. HP said it would pay $7.90 per share of 3Com, as well as a 39 percent premium to the company's closing stock price. HP said the deal is expected to be completed during the first half of 2010, if approved by regulators. "Companies are looking for ways to break free...