June 8, 2016 / 10:22 AM / in a year

BRIEF-Polycom receives revised proposal from private equity sponsor

June 8 (Reuters) - Polycom Inc :

* Received a revised, non-binding proposal from a private equity sponsor - SEC filing

* Under revised proposal, sponsor 1 would acquire Polycom for an all-cash offer of $12.25 per share in a take-private transaction

* Polycom’s board reaffirms its recommendation that Polycom’s stockholders vote in favor of proposed merger with Mitel

* Sponsor 1 indicated that revised proposal would be funded, in part, with $650 million of equity financing and $950 million of debt financing

* Revised proposal included letter from a potential lender indicating that potential lender was “highly confident” it could arrange debt financing

* Board will consider outcome of its discussions or negotiations with sponsor 1 to determine best course of action Source text: (1.usa.gov/1svOlvk) Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below