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Marlborough, Mass.-based 3Com (Nasdaq: had approved the merger in September that the companty woud be acquired by afilliates of Bain Capitalkfor $2.2 billion in cash. The merger woulcd have given , a Chinese technology company, a minorityu stake in the company. The thred firms had voluntarily filed with the Committe e on Foreign Investment in the United Stated toget approval, but talks stalled over the potential influence of Huawei's on the company. "We are very disappointed that we were unablre to reach a mitigation agreement with CFIUS forthis transaction," said Edgar Masri, president and CEO of 3Com.
"While we work closelhy with Bain Capital Partners and Huaweu to construct alternatives that wouldaddress concerns, we will continue to execut e our strategy to build a global networkin g leader."
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