Polycom gets revised bid from PE firm in wake of Mitel deal: Reuters
Polycom Inc said it received a revised offer from an unidentified private equity firm, the third time the bidder has revised its offer since the U.S. video conferencing equipment maker agreed to be acquired by Canada's Mitel Networks Corp, Reuters reported. The revised offer values Polycom at US$1.66 billion, based on its outstanding shares as of April 21. Mitel's cash-and-stock deal was valued at US$1.96 billion. San Jose, California-based Polycom said in a filing that the new offer comprised US$650 million of equity financing and US$950 million of debt financing.
8 June 2016•2 mins read
