All Debt Financing Now Secured in Escrow Account; Equity Financing Expected Next Week
Clear Channel Communications, Inc. (NYSE: CCU) today announced that the bank syndicate providing the debt financing with respect to the acquisition of Clear Channel, pursuant to the amended merger agreement with entities sponsored by Bain Capital Partners, LLC and Thomas H. Lee [...]
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An affiliate of Bain Capital Partners, LLC today advised 3Com Corporation (NASDAQ: COMS) that it is terminating the Merger Agreement with the company because the U.S. Government’s Committee on Foreign Investment in the United States (CFIUS) said it intended to take action to prohibit that transaction.
On September 28, 2007, 3Com announced that it had [...]
Contends Bain Capital’s Termination of Merger Agreement is Invalid
3Com Corporation (NASDAQ: COMS) today announced that it does not believe that Bain Capital Partners, LLC’s attempt to terminate its merger agreement with 3Com, which was announced earlier today by an affiliate of Bain Capital, is valid. 3Com believes that the reasons cited in Bain Capital’s [...]
Shareholders’ Meeting to Reconvene on Friday, March 7, 2008
3Com Corporation (NASDAQ: COMS) today announced that the company intends to convene the shareholders’ meeting scheduled for Friday, February 29, 2008 and immediately adjourn the meeting, without taking a vote on the pending merger transaction with affiliates of Bain Capital Partners. The shareholders’ meeting will be [...]
