Hewlett-Packard in 3Com Acquisition
November 11, 2009
Cleary Gottlieb is representing Hewlett-Packard, the computer industry giant, in its acquisition of 3Com Corporation, a leading provider of networking, switching, routing and security solutions. The 3Com acquisition has an enterprise value of $2.7 billion. The deal was announced on November 11 and is expected to close in the first half of 2010.
The transaction unites two of the most storied names in computing. Cleary Gottlieb previously represented HP in its $13.9 billion acquisition of Electronic Data Systems Corporation in 2008 and in its 2007 acquisitions of Neoware and Opsware.