Faruqi & Faruqi, LLP Announces the Investigation of Polycom, Inc. (PLCM) Over the Proposed Sale of the Company to Mitel Networks Corporation
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Polycom, Inc. (“Polycom” or the “Company”) (NASDAQ:PLCM) for potential breaches of fiduciary duties in connection with the sale of the Company to Mitel Networks Corporation (“Mitel”) for approximately $1.96 billion.
The Company’s stockholders will only receive $3.12 in cash and 1.31 Mitel common shares for each share of Company common stock they own, or approximately $12.24 based on the closing price on April 19, 2016. However, this consideration is below at least one analyst’s price target of $15.00 per share and Polycom’s 52-week high of $14.09 per share.
If you own common stock in Polycom and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Juan E. Monteverde
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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