3Com

SEC joins shareholders in looking at 3Com acquisition

Bloomberg reports the SEC is looking at unusual trading in options of Marlborough-based 3Com in the hours before it announced its takeover by HP.

As first reported here, a Maine shareholder last week filed suit against the acquisition.

3Com stockholder files suit to block acquisition by HP

Edward Tansey of Maine filed suit today in US District Court in Boston against 3Com, based in Marlborough. He alleges the $2.7-billion deal enriches 3Com executives while failing to adequately compensate shareholders.

His complaint.