HP said Wednesday it has agreed to pay $7.90 per share for 3Com, a 39 percent premium to 3Coms closing stock price before the deal was announced. 3Com makes things like routers and switches that direct Internet and other data traffic.
HP also raised its 2010 guidance and reported preliminary quarterly earnings that topped Wall Streets [...]

Volume in contracts to buy shares of the Marlborough, Massachusetts-based company surged to the highest level since September 2007 before Hewlett-Packard Co. said it would buy the maker of computer-networking equipment for $2.7 billion.
“I dont believe in that much luck,” said [...]

3Com shareholders will receive $7.90 a share in cash, 39 percent more than yesterdays closing price, said Hewlett- Packard, the worlds largest personal-computer maker. The transaction is expected to close in the first half of 2010.
Hewlett-Packard Chief Executive Officer Mark Hurd [...]