NEW YORK - The telecommunications equipment company 3Com Corp. is planning to sell itself to a pair of private equity firms for more than $2 billion. 3Com (Charts) shares surged nearly 33 % in pre-market trading on the news. Citing a person familiar with the matter, the Wall Street Journal reported that Bain Capital and Huawei Technologies will acquire the Marlborough, Mass.-based company at more than $5 a share. 3Com is expected to make the announcement sometime later in the day, the paper reported.
No comments:
Post a Comment