3Com (COMS) Surges On Plan By Bain Capital and Huawei To Resubmit Deal
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According to reports from the Wall Street Journal, Bain Capital and China's Huawei plan to resubmit its application for US approval for the acquisition 3Com Corporation (NASDAQ: COMS). Last week the application was pulled after on concerns CFIUS would reject it.
The new plan deal would be structured to limit Huawei's acces to some core US-related network products.
Shares of 3Com are up 15% in pre-open action on the report.
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