Notable Mergers and Acquisitions of the Day 2/29 (COMS, AWI, KNOT)

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February 29, 2008 9:43 AM EST

StreetInsider.com Notable Mergers and Acquisitions of the Day:

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.
Armstrong World Industries, Inc. (NYSE: AWI) today announced that its Board of Directors has completed the strategic review, announced in February ’07, of possible operating alternatives.

After thorough evaluation of possibilities, including a possible sale of AWI's individual businesses and the entire company, Armstrong has decided that, due to continued deterioration in the U.S. housing and credit markets, it is in the best interest of the Company and shareholders to continue on with its strategic plan under its current structure.
The Knot (NASDAQ: KNOT), one of the world's leading lifestage media companies, reported today it has acquired The Bump Media Inc., publisher of The Bump local magazine and website dedicated to pregnancy and first-time parents. The acquisition further enhances The Knot Inc.'s mission of helping couples at key lifestages connect with the content and services they need. This addition also provides the baby and maternity advertisers in The Knot local network an increased opportunity to reach this important market.