Tag Archives: Mitel

Siris Capital Closes $2B Polycom Buy in Unified Comms & Collaboration Market Push

Investment firm Siris Capital has completed its buyout of communications and collaboration tools developer Polycom for nearly $2 billion cash, or $12.50 per share. San Jose, California-based Polycom said Monday it has stopped trading on the Nasdaq stock exchange as a result of the transaction and will continue to operate under its own name. Polycom had to …

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Polycom Accepts $2B Buyout Offer From Siris Capital, Backs Out of Mitel Deal

Global communications services provider Polycom (Nasdaq: PLCM) has signed a new agreement to be purchased and taken private by investment firm Siris Capital for $2 billion and terminate a previous $1.96 billion merger deal with Ottawa, Canada-based Mitel (Nasdaq: MITL) announced in April. Polycom said Friday its board of directors received an offer letter from Siris on Thursday …

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Mitel to Buy Polycom in $1.96B Cash-and-Stock Deal

Mitel (Nasdaq: MITL) has agreed to purchase Polycom (Nasdaq: PLCM) for approximately $1.96 billion in cash and stock as both companies seek to establish a business that will offer communications and collaboration systems to enterprise customers. Both companies expect to close the acquisition in the third quarter of 2016 and create a …

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