MARLBORO - 3Com Corp, 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 % over the stock's $3.68 closing price on Thursday. 3Com's board and senior managers "have thoroughly reviewed our strategic alternatives and have determined that the agreement with Bain Capital provides the best value for 3Com shareholders," said Edgar Masri, president and chief executive of Marlboro-based 3Com. "We believe that this agreement better positions 3Com to establish itself as a global networking leader, which will benefit our employees, our customers and our partners". Although Boston-based Bain Capital is the buyer, affiliates of China-based Huawei Technologies will acquire a minority interest in 3Com and become a commercial and strategic partner, 3Com said.
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