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US stops Chinese investment
25 February 2008
A proposed Chinese investment in 3Com Corp. has been stopped by the interagency Committee on Foreign Investment in the United States, which refused to approve the deal
While there is a slim chance the buyout could be revived with revised terms, that does not appear likely, and there also is worry about dampening other possible Chinese investments in U.S. firms, such as the one rumored with Motorola Corp.
On Thursday, 3Com, along with affiliates of Bain Capital Partners, LLC and Huawei Technologies, withdrew their joint filing to the committee, the companies announced.
www.hsdailywire.com
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