3Com Merger Approved

Just last Thursday we learned of the 3Com acquisition attempt being halted by the Government. Well, apparently that bluff was called and the 3Com shareholders approved the acquisition.

The vote appeared to be designed to ensure 3Com could get a US$66 million breakup fee as compensation for pursuing a merger with Bain Capital Partners and Huawei Technologies that was proposed last year.

Check out the Network World article here