BALA CYNWYD, Pa., April 15, 2016 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Polycom, Inc. ("Polycom" or "the Company") (Nasdaq- PLCM-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Mitel Networks Corporation. ("Mitel Networks").
Click here to learn more about the investigation http://brodsky-smith.com/1061-plcm-polycom-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Polycom shareholders will receive only $3.12 in cash and 1.31 shares of Mitel Networks stock for each share of Polycom stock they own. The transaction values Polycom stock at only approximately $13.68 per share. The investigation concerns whether the Board of Polycom breached their fiduciary duties to shareholders and whether Mitel Networks is underpaying for the Company. The transaction may undervalue the Company and would result in no real gain or a loss for many Polycom shareholders. For example, Polycom stock traded at $14.04 per share on October 28, 2015 and an analyst has set a $15.00 per share price target for Polycom stock.
If you own shares of Polycom and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/1061-plcm-polycom-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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SOURCE Brodsky & Smith, LLC