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HP plunks down $2.7 billion to get some 3Com action

Posted in HP by Shane McGlaun on November 12th, 2009

hp-logo-sbThe economy is bad and that might make you think that companies in markets like computers that are seeing some of the worst quarters ever would be saving money. Not HP, the world’s largest computer shipper is spending a huge amount of money to purchase 3Com.

HP has announced that its board of directors and the 3Com board of directors have both agreed to allow HP to buy 3Com at $7.90 per share for all outstanding shares of 3Com stock. That price totals $2.7 billion for the company.