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’HP triples stock buy-back plan
Hewlett-Packard tripled the size of its share repurchase programme to $12bn as China sales and better profit margins on its services boosted quarterly earnings, reports Reuters. The Q4 results, announced on Monday,
CDS report: Investors’ risk appetite on the wane
Gavan Nolan of Markit wrote this CDS report
European credit indices widened today as the appetite for risky assets showed tentative signs of waning. The Markit iTraxx Europe index widened 1bp to 84bp,
HP buys 3Com in run at Cisco
Hewlett-Packard on Wednesday agreed to buy 3Com for $2.7bn in cash, escalating its competitive war with Cisco Systems. The 3Com purchase would make HP, the top computer maker, number two in the market for networking gear – Cisco’s core business.
Easter catch-up, stories you may have missed
Carrington asks for $200m to replace loans
Carrington Capital Management, a $1bn hedge fund specialising in mortgages, is trying to persuade its investors to lend it up to $200m to replace bank loans,
Beijing appeals over 3Com deal
Beijing has appealed to Washington for “fair and legal” treatment of a Chinese investment in US communications equipment company 3Com and dismissed complaints by US politicians as groundless after the deal fell foul of national security concerns.
Where the National Guard meets M&A
What is it exactly that gets up the collective nose of the Committee on Foreign Investments in the United States? What, we ask, constitutes a grave threat to the “land of the free”?
It is more dangerous for foreigners to take a minority stake in a “provider of enterprise and small-business networking solutions that help organizations achieve their business and networking objectives?”
China fear scuppers $2bn 3Com deal
Bain Capital and its minority Chinese partner, Huawei Technologies, have shelved their $2.2bn deal to acquire 3Com, a US computer networking company, saying the CFIUS, a key US committee which vets foreign investments in sensitive sectors,
US extends China-3Com probe
A US probe into a proposed $2.2bn buy-out of 3Com, a network equipment supplier, by a consortium involving a Chinese company is entering a decisive second phase. The Committee on Foreign Investment in the US,
Bain rebuffs security concerns
Bain Capital has hit back at claims that its proposed takeover of 3Com, a US network equipment maker, alongside a Chinese company will endanger national security. The US private equity firm last week announced it had teamed up with Huawei Technologies,
Weekend catch-up: 3Com, Wyser-Pratte, Merrill
In case you missed it:
China faces scrutiny over 3Com deal
The US is expected to scrutinise on national security grounds Friday’s joint acquisition of 3Com, the US networking group, by Huawei Technologies,