3Com( COMS) shares surged 14% Thursday on rumors that investors may offer to take the company private.
Shares in the Marlborough, Mass., computer networking shop rose 64 cents to $5.09 as speculation spread through Wall Street that the company may be the target of a private investment takeover. Both Bloomberg and Briefing.com reported that there were unsubstantiated rumors about a deal.
The popular going-private trend has helped feed discussion about possible buyout candidates. Some observers say the guessing game may explain the stock run up in outfits like