MARLBOROUGH, Mass. -- 3Com Corporation (NASDAQ: COMS) today announced that the company intends to convene the shareholders meeting scheduled for Friday, February 29, 2008 and immediately adjourn the meeting, without taking a vote on the pending merger transaction with affiliates of Bain Capital Partners. The shareholders meeting will be reconvened on Friday, March 7, 2008 at 8 a.m. Eastern Standard Time at the companys headquarters located at 350 Campus Drive, Marlborough , Massachusetts 01752-3064.
On February 20, 2008, 3Com and affiliates of Bain Capital Partners announced they had withdrawn their joint Committee on Foreign Investment in the United States (CFIUS) filing with Huawei Technologies concerning the parties pending merger transaction. 3Com continues to work with Bain Capital Partners to construct alternatives that would address CFIUS concerns regarding the companys pending merger transaction with affiliates of Bain Capital Partners. There can be no assurance that these discussions will not adversely affect the terms of the pending merger transaction, including valuation, or that these discussions will result in an alternative that adequately addresses CFIUS concerns.