Today HP announced it has signed with 3Com, a global leader in network switches, routers and security solutions provider, an agreement to acquire certainty.
The merger will create a revolutionary providing innovation and technology based on industry standards and a complete solution for the enterprise, covering servers, storage, networking, management, infrastructure and other services.
Based on the agreement, the merger is completed, will purchase price of 3Com common stock shareholders at 7.90 U.S. dollars per share. It is expected to be completed in the first half of 2010.
Is specializing in M & A program has not yet finalized, we expected at the completion of the acquisition, 3Com will become a part of HP's network products division. For 3Com’s organizational structure, the current there will not be immediate changed. With the mergers and acquisitions, and we will specially design to incorporate strategic and organizational structure for new HP networking products.
Acquisition agreement is subject to regulatory and shareholder approval of 3Com, all on the final fate decision will be made at that time. Employees and their representatives will be informed the decisions, and if necessary, in accordance with local laws and regulations required in the circumstances, will serve as a part of M &.
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