Mitel Jumps as Polycom Battle Could Lead to Shareholder Rewards

  • Competing bid for Polycom may lead Mitel to up cash offer: RBC
  • Mitel gains as much as 10 percent in Toronto trading

Mitel Networks Corp. jumped the most since January as an escalating bidding war for Polycom Inc. could either lead to a $60 million breakup fee or prompt the communications technology company to make its offer more shareholder-friendly.

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