Mitel To Buy Polycom for $1.96 billion
Mitel agreed to acquire Polycom in a $1.96 billion deal, they said in a news release Friday. The cash-and-stock acquisition is expected to close in Q3, subject to shareholder and regulatory approvals from the DOJ, FTC, Russia and Germany. The…
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combined company will be located at Mitel’s headquarters in Ottawa, Canada, operating as Mitel under CEO Richard McBee but keeping the Polycom brand. The combined company will have a global workforce of about 7,700.