Bain acquires 3Com, the voice and data networking company

Bain Capital Partners, a private investment firm, has signed a definitive merger agreement to acquire 3Com Corporation for approximately $2.2 billion in cash. Under the terms of the agreement, 3Com shareholders will receive $5.30 in cash for each share of common stock they hold.

3Com provides converged voice and data networking technology

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Matt Marshall is editor and CEO of VentureBeat. Follow him on Twitter at @mmarshall, and follow VentureBeat on Twitter at @venturebeat.