Hewlett-Packard to acquire 3Com
Hewlett-Packard said on Wednesday that it had reached an agreement to acquire 3Com, a provider of computer network equipment, for $2.7 billion in a deal that HP plans as a springboard for an assault on the market leader in networking, Cisco Systems.
HP today announced it has completed its acquisition of 3Com Corporation at a price of US$7.90 per share in cash or an enterprise value of approximately US$2.7 billion.