BRIEF-Polycom says Mitel to pay fee of $50 mln if merger is terminated

Mon Apr 18, 2016 6:28am EDT
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April 18 (Reuters) - Polycom Inc

* Mitel will be required to pay a termination fee to Polycom in amount of $50 million if merger agreement is terminated

* Polycom has an obligation to pay a termination fee to Mitel of $60 million if Polycom terminates deal Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)