Polycom to discuss PE offer in challenge to Mitel: Reuters

Video conferencing equipment maker Polycom Inc said on Monday it received a revised proposal from a private equity firm that could be "superior" to Mitel Networks Corp's offer, Reuters reported. San Jose, California-based Polycom, which agreed to be bought by Ottawa's Mitel for about US$1.96 billion in April, said it intends to engage in discussions with the private equity firm, identified as Sponsor 1.

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