H-3C

Texas Pacific Group has dropped out of the bidding for H-3C, according to Dow Jones. That leaves Silver Lake Partners and Bain Capital as the remaining suitors for H-3C, which is a China-based joint venture between 3Com and Huawei Technologies Co. The deal is expected to be worth between $1.5 billion and $2 billion, with the report saying that Bain’s current offer is the highest.