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Polycom Inc (NASDAQ: PLCM) surged 12.97 percent
to $12.28. The volume of Polycom shares traded was 16014 percent higher than normal. Polycom revealed Friday that private
equity firm, Siris Capital Group, LLC and its affiliates, have submitted a unilaterally binding offer to buy all outstanding
shares for $12.50 per share in cash. Polycom also revealed that its board has approved the cancellation of its previously
announced merger agreement with Mitel Networks Corporation (NASDAQ: MITL).
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Barracuda Networks Inc (NYSE: CUDA) shares moved up
16.60 percent to $18.12. The volume of Barracuda Networks traded was 779 percent higher than normal. Barracuda reported
stronger-than-expected results for its first quarter. The company reported that CFO David Faugno will be stepping down and
current chief accounting officer, Dustin Driggs, will replace Faugno.
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TASER International, Inc. (NASDAQ: TASR) shares
climbed 5.91 percent to $27.29. The volume of TASER shares traded was 269 percent higher than normal. Gun manufacturers rose
after a deadly shooting in downtown Dallas. Three people were in custody while a fourth suspect exchanged gunfire with police
authorities. A sniper fatally shot 11 officers, five fatally.
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Sodastream International Ltd (NASDAQ: SODA)
shares rose 6.32 percent to $23.71. The volume of Sodastream shares traded was 169 percent higher than normal. PepsiCo,
Inc. (NYSE: PEP) is said to be interested in acquiring
SodaStream, according to DealReporter.
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