Deals, Deals, and.... more deals as famous guru Super Mario Gabelli would say - what is the news? Polycom Inc (NASDAQ:PLCM) is being bought by Siris Capital and shares are soaring. Mitel Networks Corp (NASDAQ:MITL) is also up - why? Here is what analysts are saying.
Polycome PLCM and Mitel MITL news - analysts react
BMO
Polycom announced that it has ended its merger agreement with Mitel (MITL-NASDAQ; Not Rated) and entered into a new agreement with Siris Capital for $12.50 per share.
Our View:
- We view Siris’ offer of $12.50 per share in cash as superior to Mitel’s offer of $3.12 in cash and 1.31 Mitel shares for each Polycom share. The offer represents a 15% premium to Polycom’s share price based on...
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