Rigrodsky & Long, P.A.:
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Do you own shares of Polycom, Inc. (NASDAQ GS: PLCM)?
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Did you purchase any of your shares prior to April 15, 2016?
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Do you think the proposed buyout value is too low?
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Do you want to discuss your rights?
Rigrodsky
& Long, P.A. announces that it is investigating potential legal
claims against the board of directors of Polycom, Inc. (“Polycom” or the
“Company”) (NASDAQ GS: PLCM)
regarding possible breaches of fiduciary duties and other violations of
law related to the Company’s entry into an agreement to be acquired by
Mitel Networks Corporation (“Mitel”) (NASDAQ GS: MITL),
in a transaction valued at approximately $1.96 billion.
Click here to learn more: http://rigrodskylong.com/investigations/polycom-inc-plcm-buyout.
Under the terms of the agreement, shareholders of Polycom will receive
1.31 shares of Mitel common stock and $3.12 in cash for each share of
Polycom they own. Based on Mitel’s closing stock price on April 14,
2016, Polycom shareholders would have received compensation valued at
approximately $13.44 per share.
The investigation concerns whether Polycom’s board of directors failed
to adequately shop the Company and obtain the best possible value for
Polycom’s shareholders before entering into an agreement with Mitel.
According to Yahoo! Finance, at least one analyst has issued a
price target for Polycom stock at $15.00 per share.
If you own the common stock of Polycom and purchased your shares before
April 15, 2016, if you have information or would like to learn more
about these claims, or if you wish to discuss these matters or have any
questions concerning this announcement or your rights or interests with
respect to these matters, please contact Seth D. Rigrodsky or Gina M.
Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120,
Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com,
or at: http://rigrodskylong.com/investigations/polycom-inc-plcm-buyout.
Rigrodsky
& Long, P.A., with offices in Wilmington, Delaware and Garden
City, New York, regularly prosecutes securities
class, derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in states
and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160418006069/en/
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