Hewlett-Packard

:

3Com

Dealogic Deal #  :

654697

Data as of :

11/12/2009

Target

Acquiror

Dates & Values

3Com

Hewlett-Packard

Target:

100

% stake

Buying:

100

% stake

Rumored

-

Deal Value $m

3,180.1

NS

COMS

392

m shares outstanding

Public (Listed)

Announced

11th Nov 2009

Value ex Debt $m

3,180.1

United States

United States

Technology

Technology

Expected

1Q 2010

Consideration

Goldman Sachs | Advisor

Morgan Stanley | Advisor

Completed

-

Cleary Gottlieb | Attorney

Withdrawn

-

Termination Fee, Target $m

99

Termination Fee, Acquiror $m

tbd

Financials

31st Aug 2009

Balance Sheet

Debt/Equity:

0.6

Timeline Events

Premiums & Multiples

Initial Offer

$7.90

Current Offer

$7.90

Income Statement

Cash Flows

Operations $m

301

Profitability

Profit Margin

15%

Return on Equity

13%

League Table Impact

Sector Trend

2009 YTD Announced Global M&A by Deal Value, $bn

Monthly Announced Global M&A, $bn:

Technology

1

Goldman Sachs

541.6

2

Morgan Stanley

538.2

3

JPMorgan

459.1

4

Citi

394.9

5

BOA Merrill Lynch

327.5

6

Credit Suisse

289.5

7

Lazard

251.2

8

Deutsche Bank

242.8

9

UBS

229.6

10

Barclays Capital

209.9

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