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(AFX UK Focus) 2009-11-11 22:44 WRAPUP 1-HP to buy 3Com for $2.7 bln; Cisco rivalry heats upNEW YORK/SAN FRANCISCO, Nov 11 (Reuters) - Hewlett-Packard Co struck a deal to buy network equipment maker 3Com Corp for $2.7 billion to step up competition against Cisco Systems Inc and expand into China. HP said it would pay $7.90 per share for 3Com, or a premium of 39 percent over its Wednesday closing price on Nasdaq. The move comes amid a flurry of acquisitions by Cisco and other technology ...
2009-11-11 - Interactive Investor