View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
May 2, 1997updated 05 Sep 2016 1:06pm

3COM WILL BE HIT WITH CHARGE AFTER US ROBOTICS BUY

By CBR Staff Writer

3Com Inc’s acquisition of US Robotics Inc (CI No 3,110) expected to be completed this June, means it will be hit with a charge of between $325m and $375m in the quarter, according to a filing with the Securities and Exchange Commission on Monday. The two companies have scheduled votes for June 11 and US Robotics shareholders will receive 1.75 3Com shares for each of their own, now valuing the deal at some $6.6bn. 3Com had anticipated a charge to earnings but hadn’t estimate its size

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU