Bain Capital Partners to Buy Out 3Com
September 29, 2007 By MARK JEWELL, AP Business Writer
3Com Corp. offices are seen, Friday, Sept. 28, 2007 in Marlborough, Mass. 3Com Corp., a makes of networking hardware and software, will be sold to affiliates of private equity firm Bain Capital Partners LLC for $2.2 billion and taken private, 3Com said Friday. (AP Photo/Lisa Poole)
(AP) -- Network equipment maker 3Com Corp. is giving up its independence in a $2.2 billion buyout by Bain Capital Partners, but it's gaining freedom from the whims of the market and a chance to expand in China.
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