Polycom Completes Aquisition of Spectralink
Polycom, announced the expiration of the tender offer by its wholly-owned subsidiary, Spyglass Acquisition Corp., for all outstanding shares of SpectraLink. The subsequent merger to finalize the acquisition will close today, Monday, March 26, 2007. All remaining outstanding SpectraLink shares, other than those held by stockholders who properly perfect appraisal rights under Delaware law, will be converted into the right to receive $11.75 in cash.
Following the merger today, SpectraLink will become a wholly-owned subsidiary of Polycom. "We are delighted to complete our acquisition of SpectraLink," said Robert Hagerty, chairman and CEO of Polycom. "SpectraLink's technology, products, partnerships, and people provide Polycom with immediate leadership in the wireless telephony market.
Now, by leveraging Polycom's proven strength in voice and video over IP (V2oIP), we have the unique ability to provide fixed and mobile solutions that seamlessly encompass voice, video, and content collaboration solutions from the desktop, to the meeting room, to the mobile individual."
Source: Polycom
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Posted to Polycom