Karl Denninger submits:
PALO ALTO, Calif. & MARLBOROUGH, Mass.–(BUSINESS WIRE)–HP (NYSE: HPQ – News) and 3Com Corporation (NASDAQ: COMS – News) (“3Com”) today announced that they have entered into a definitive agreement under which HP will purchase 3Com, a leading provider of networking switching, routing and security solutions, at a price of $7.90 per share in cash or an enterprise value of approximately $2.7 billion. The terms of the transaction have been approved by the HP and 3Com boards of directors.