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Polycom Shares Cease Trading on Nasdaq; Closes Going-Private Deal with Siris Capital (NASDAQ:PLCM)
Polycom (NASDAQ:PLCM) shares have ceased trading on the Nasdaq exchange on Tuesday after Siris Capital completed the takeover of the company in a transaction valued at approximately $2 billion. Under the deal, Polycom stockholders received $12.50 per share in cash. The company will continue to operate as Polycom as a wholly owned subsidiary of affiliates of Siris Capital.
The stock closed at $12.47 during the last session. It is down 23.10% since February 24, 2016 and is uptrending. It has outperformed by 11.17% the S&P500.
Polycom, Inc. offers solutions for voice, video and content sharing and a line of support and service solutions. The company has a market cap of $1.69 billion. The Firm operates in Americas; Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC) geographic divisions. It has a 75.73 P/E ratio. The Company's video, voice and content-management and content-sharing solutions include applications for mobile devices, browser video collaboration, cloud-delivered services, conference room systems and home/work office solutions and immersive telepresence.
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