Polycom, Inc. (NASDAQ: PLCM) Rises On Talks Of Buyout
By Adam Parker
March 17, 2010 4:39 PM
March 17, 2010 4:39 PM
Polycom, Inc. (NASDAQ: PLCM) rose 2.70 points for a gain of 8.87% at the close of trading. According to a report by Reuters, the rise in Polycom stock is being fueled by negotiations between Polycom and private equity firm Apax Partners. The report states that Apax is working towards a deal in which it would pay $3 billion to take Polycom private. However, some are speculating that the rise in Polycom stock could now prevent a deal from taking place.
(c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.
We're Loving
