Defense News

Friday, February 22, 2008

3Com Sale Stymied Over Security Concerns

Concerns about national security could scuttle the $ 2.2 billion sale of networker 3Com Corp., shares of which dropped as much as 20% on Wednesday.

Marlborough, Mass.-based 3Com and its two partners -- Bain Capital Partners LLC and Huawei Technologies Co. -- said they would withdraw their application with the Committee on Foreign Investment in the United more.

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