Home › Polycom accepts USD 2 bln bid from Siris
 

Keywords :   


Polycom accepts USD 2 bln bid from Siris

2016-07-08 15:29:00| Telecompaper Headlines

(Telecompaper) Polycom said it has terminated its previously announced USD 1.96 billion merger agreement with Canada's Mitel Networks and accepted one from Siris, for USD 12.50 per share in cash, or a total of USD 2 billion, including debt. A report had earlier noted the company received a higher offer from an unidentified private equity firm. Polycom will pay the requisite termination fee and then enter into a new merger agreement with Siris, previously described as "Sponsor 1" in Polycom's filings with the US Securities and Exchange Commission.

Tags: usd bid accepts polycom

Category:Telecommunications

Latest from this category

All news
»
02.07Chattanooga Area High School Students Graduate from BASFs TECH Academy
02.07Fayette Pipe Transforms Black Steel Pipe with FayetteGuard
02.07Automotive Coatings to Reach $19B by 2028: MarketsandMarkets
02.07M13 Graphics invests in Landa digital press
02.07ABG helps Nordvalls increase productivity
02.07Tesla sales rise sharply after slump
02.07Hurricane Beryl Graphics
02.07Hurricane Beryl Forecast Discussion Number 16
More »