3Com demands $66 million after failed merger

By Justin Mann on
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.

Add New Comment

TechSpot Members
Login or sign up for free,
it takes about 30 seconds.
You may also...
Get complete access to the TechSpot community. Join thousands of technology enthusiasts that contribute and share knowledge in our forum. Get a private inbox, upload your own photo gallery and more.