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Tag: polycom
Polycom cancels sale to Mitel in favour of $2bn Siris deal
2016-07-08 02:00:00| Total Telecom industry news
Acceptance of private equity firm's higher offer will see conferencing specialist pay Mitel $60 million termination fee.
Tags: sale
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Polycom considers rival takeover offer
2016-05-25 02:00:00| Total Telecom industry news
Unnamed PE firm tables bid to rival $1.96bn deal agreed with Mitel in April.
Tags: offer
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Polycom to consider rival offer to Mitel bid
2016-05-24 13:56:00| Telecompaper Headlines
(Telecompaper) Polycom announced its board will consider a rival takeover offer to the agreed bid with Mitel. The new offer comes from an unnamed private equity company, identified as Sponsor 1 in a SEC filing by Polycom. Polycom's board said it still supports Mitel's offer, but would evaluate the new proposal to see if it could be considered a superior offer for shareholders.
Mitel buys Polycom for $1.96 billion
2016-04-18 02:00:00| Total Telecom industry news
Enterprise services business says it expects deal to close in third quarter, pending shareholder and regulatory approvals.
Tags: billion
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Canada's Mitel to acquire Polycom for USD 1.96 bln
2016-04-15 13:58:00| Telecompaper Headlines
(Telecompaper) Canadian business cloud and mobile communications company Mitel Networks has announced a deal to acquire Polycom, a US-based provider of video, voice and content collaboration products, for a total of USD 1.96 billion. Under the terms of the deal, Polycom stockholders will get USD 3.12 in cash and 1.31 Mitel shares for each of their shares, said Mitel, adding that the aim is to combine Mitel's global communications expertise with Polycom's well-known brand and portfolio in the conference and video collaboration market to create a company with EUR 2.5 billion in annual revenues.