Assigning a Value based on Polycom Bidding War…All this take out talk is getting quite interesting based on the similarity of Polycom and Apivio.
Given the current bidding war between Mitel Networks and Private Equity the current bid by Mitell Networks works at aprox. 2B would put a value of 1.67x sales on Polycom’s business.
Now assigning that value of 1.67x sales you get a share price of 2.10 or 7X THE CLOSING PRICE TODAY OF THE STOCK!!!! for Apivio Systems, Hmmm so if you multiple bidders are willing to pay more than 1.5x sales for Polycom it seems like an steal Apivio trading at 0.25x sales.
Too much untapped value hear, will keep every share and look to add on incremental weakness.