3Com to Bid for Huawei Assets
R. Scott Raynovich writes on Light Reading:
This morning 3Com Corp. filed a statement with the SEC saying it is bidding for 100 percent ownership of Huawei-3Com (H3C), the joint venture it formed with Huawei Technologies Co. Ltd.More here.
According to the filing, 3Com, which currently owns 51 percent of H3C, intends to bid for the 49 percent stake it doesn't own, essentially buying out the unit from Huawei.
posted by Fergie @ 11/15/2006 12:29:00 PM
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