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3Com in $2,2bn deal to go private

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3Com will be bought out in a $2,2-billion deal with Bain Capital Partners which will include giving Chinese Hauwei Technologies a minority stake in the company. 

Bain will buy out the technology company at $5,30 per share, a significant premium on the stock's Friday closing price of $3,68.
The move will give 3Com more opportunities to strengthen its ties with Hauwei and expand into the far eastern matkets, especially China.
By reliving itself of the quarterluy obligations that go with being a listed company, 3Com will be able to focus on long-term objectives, says president & CEO Edgar Masri, speaking at a conference call with analysts.