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3Com seen selling itself for $2BReport: Telecom equipment firm to announce its sale to private equity firms Bain Capital and Huawei Technologies.NEW YORK (CNNMoney.com) -- The telecommunications equipment company 3Com Corp. is planning to sell itself to a pair of private equity firms for more than $2 billion, according to a report published Friday. 3Com (Charts) shares surged nearly 33 percent 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. |
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