Mitel to Buy Polycom in Deal Valued at About $1.96 Billion

Mitel Networks Corp. agreed to buy Polycom Inc. for cash and stock in a deal valued at about $1.96 billion.

Polycom stockholders will be entitled to $3.12 in cash and

1.31 Mitel common shares for each share of Polycom common stock. That’s $13.68, based on the closing price of Mitel on April 13, the company said in a statement.

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