|
Polycom stockholders will get $3.12 in cash and 1.31 Mitel
shares for each of their shares, or $13.68 based on the closing
price of a Mitel common share on April 13.
The deal, worth $13.44 per share as of Thursday, represents a
premium of 9.5 percent to Polycom's last close.
Upon closing, former shareholders of San Jose, California-based
Polycom are expected to hold about 60 percent and current Mitel
shareholders are expected to hold about 40 percent of
Ottawa-based Mitel.
The combined company will have its headquarters in Canada and
will operate under the Mitel name while retaining the Polycom
brand.
(Reporting by Rishika Sadam in Bengaluru; Editing by Shounak
Dasgupta)
[© 2016 Thomson Reuters. All rights
reserved.] Copyright 2016 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
