Key Developments For 3Com Corporation
3Com Corporation (COMS.O) (Nasdaq)
3Com Corporation Partners With Tata Consultancy Services Ltd To Build Andhra Pradesh's State Wide Area Network
3Com Corporation announced that its new partnership with Tata Consultancy Services (TCS) resulted in it being selected for the Andhra Pradesh State Wide Area Network (APSWAN) project. Under this deal, 3Com will provide high-end enterprise switching, routing and security solutions for the project that will connect 23 district offices in the state to increase efficiency in government operations.
Kendall Law Group Investigates 3Com Corporation Acquisition
Kendall Law Group announced that it is investigating the proposed acquisition of 3Com Corporation by Hewlett-Packard Company. According to the agreement, shareholders will receive $7.90 per 3Com share owned. The transaction is expected to close in the first half of calendar 2010. On November 11, 2009, HP and 3Com announced that the $2.7 billion transaction has been approved by the Board of Directors of both companies. The firm`s investigation concerns whether the consideration to be paid to shareholders is grossly unfair, inadequate, and substantially below the fair or inherent value of the Company. Also, the investigation will focus on whether the Board of Directors may have breached their fiduciary duties in disregarding the shareholders' best interests by not adequately shopping the 3Com before entering into the transaction.
Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of 3Com Corp.
3Com Corporation announced that Law Offices of Howard G. Smith is investigating potential claims against the Board of Directors of the Company arising from the Company's announcement of its intent to be acquired by Hewlett-Packard Co. (HP). The investigation concerns the price to be paid by HP to 3Com shareholders and the process by which 3Com`s Board of Directors is addressing the transaction. Under the terms of the proposed agreement, 3Com shareholders will receive $7.90 for each share of 3Com common stock they own. The transaction has a total value of $2.7 billion.
Finkelstein Thompson LLP Announces Investigation of 3Com Corporation Acquisition
Finkelstein Thompson LLP announced that it is investigating potential claims on behalf of shareholders of 3Com Corp. arising from the Company's announcement of its intent to be acquired by Hewlett-Packard Co. Under the terms of the proposed agreement, 3Com shareholders will receive $7.90 for each share of 3Com common stock they own. The transaction has a total value of $2.7 billion. The investigation is focused on the potential unfairness of the price to 3Com shareholders and the process by which the 3Com Board of Directors considered and approved the transaction.
Levi & Korsinsky LLP Investigates Possible Breach Of Fiduciary Duty By Board Of 3Com Corporation
Levi & Korsinsky announced that it is investigating the Board of Directors of 3Com Corporation for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell 3Com Corporation to Hewlett-Packard Company (HP). Under the terms of the transaction, 3Com shareholders will receive $7.90 per share for each 3Com share they own for a total transaction value of approximately $2.7 billion. The investigation concerns whether the 3Com Board of Directors have breached their fiduciary duties to stockholders by failing to adequately shop 3Com Corporation before entering into this transaction and whether HP is underpaying for 3Com shares, thus unlawfully harming 3Com stockholders.
