TechSpot

Welcome to TechSpot     
Join now  |  Login  | About     

TechSpot Pricewatch TechSpot Hot Deals
Windows Startup Radar Tips & Tricks (blog) Guides & Tweaks Windows updates
News Archive TechSpot Blog TechSpot RSS Feeds User Picture Gallery Techspot's IRC# (Chat) TechSpot in Spanish
 



Make homepage

Add to Favorites

IRC #3dspotlight

TS in Spanish

 

3Com demands $66 million after failed merger
By Justin Mann, TechSpot.com
Published: March 21, 2008, 5:06 PM EST





3Com demands $66 million after failed merger Last year, 3Com got all excited about an acquisition by investment firm Bain Capital but as time went on, it seemed less likely that the deal would take place. Ultimately, Bain reconsidered and the deal fell through. On the 3Com side, however, the merger had been approved which got them angry enough to demand a $66 million fine for Bain's transgressions.

3Com's assertion is that the termination of the merger was in violation of their agreement, and has hurt 3Com's business to such a degree that they need to be compensated. Sort of like alimony, but between two behemoth corporations. In any case, it leaves the future of 3Com up in the air, as the company was already having difficulty staying afloat.

 

[ There are no additional user comments, Post a Comment | Send to a friend ]

Please login or register to submit your comment.

Upon registering you will gain complete access to the TechSpot community and join the thousands of computer and technology enthusiasts that share knowledge in our forum. You will be able to post messages, get a private inbox, upload your own photo gallery and more.

Add your comment:

Disable smilies in this post.
Disable block tag code.
Add [url] tag at URLs.


  TechSpot Pricewatch - Computer & Electronics Prices updated everyday

-
Search:    for    

You can also browse through categories in our online price guide, among the available categories: Retail & OEM Processors - Video Cards - Motherboards - Memory - Soundcards - Hard Drives - Monitors - Printers - DVDs - CD-RWs - PDAs and more !

  TechSpot  The PC Enthusiast Resource    |    News    |    Reviews    |    Guides    |    Downloads    |    Drivers    |    Forums    |    Pricewatch    |    News Archive    |    RSS Feeds

  Our Blog    |    Tech Deals    |   vb Sitemap    |    User Gallery    |    Startup Radar    |    Icons by Foood    |    Powered by StoryTeller    |    TechSpot in Spanish


  Copyright © 1998-2008 TechSpot.com. TechSpot is a registered trademark. All Rights Reserved.
Privacy policy.

Advertising | About TechSpot