NEW YORK, April 15, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Polycom, Inc. ("Polycom" or the "Company") (NASDAQ: PLCM) concerning the proposed acquisition of the Company by Mitel Networks Corporation ("Mitel") (NASDAQ: MITL).
Under the terms of the offer, Mitel would acquire Polycom in a transaction valued at approximately $1.9 billion. Pursuant to the deal, Polycom stockholders would receive $3.12 in cash and 1.31 Mitel shares for each of Polycom share owned, or approximately $12.53 based on the current price of Mitel stock. According to Yahoo finance, at least one analyst has set a target price for Polycom stock of $15.00 per share.
Our investigation concerns whether the Polycom board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own Polycom shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin I. Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP