Mitel and Polycom in merger talks amid pressure from Elliott: Reuters
Ottawa-based Mitel Networks Corp is in talks to merge with U.S. peer Polycom Inc, in a deal that would combine the voice and telephony equipment providers and heed the demands of U.S. hedge fund Elliott Management Corp, sources told Reuters. Elliott has been calling for the two companies to merge since October, when the US$23 billion fund disclosed a 6.6 percent stake in Polycom and a 9.6 percent stake in Mitel.
16 March 2016•2 mins read
