Polycom Inc. (PLCM) Moves Into A Fresh High Trajectory With Strong Volumes
By Mark Moneymaster
March 17, 2010 1:43 PM
March 17, 2010 1:43 PM
Symbols: PLCM
Private equity firm Apax Partners has got into talks with Polycom Inc. (NASDAQ: PLCM) to take the U.S. video conferencing company private for more than $3 billion sent the Polycom Inc. (PLCM) the stock soaring by over 9% by early afternoon trading. However, any defintitive arrangements are yet to be sealed between the two parties.
Polycom Inc. (PLCM) has been in talks for such a buyout arrangement with Apax Partners for more than four months since last November. Polycom Inc. (PLCM) has moved up with strong volumes after a long gap after a wide gap-up opening on Wednesday, pushing it into a fresh high trajectory.
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