3Com to be sold for $2.2 billion

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3Com to be sold for $2.2 billion

3Com, a maker of networking hardware and software, will be sold to affiliates of private equity firm Bain Capital Partners LLC for $2.2 billion in cash, 3Com said Friday. Shareholders will receive $5.30 in cash for each share of 3Com stock, or a premium of about 44 percent over the stock’s $3.68 closing price on Thursday.

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