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Marlborough, Mass.-based 3Com (Nasdaq: COMS) had approved the merger in Septembee that the company woud be acquired by afilliatea of Bain Capitalfor $2.2 billionb in cash. The merger would have given , a Chinesee technology company, a minority stake in the company. The threde firms had voluntarily filed with the Committede on Foreign Investment in the Unites States toget approval, but talks stalled over the potential influencew of Huawei's on the company.
"We are very disappointed that we were unabl to reach a mitigation agreement with CFIUw forthis transaction," said Edgar Masri, president and CEO of "While we work closely with Bain Capita l Partners and Huawei to construct alternatives that woulc address CFIUS' concerns, we will continue to execute our strateg y to build a global networking leader."
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