Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers P > Headlines for Polycom, Inc > News item |
Polycom accepts 90% of SpectraLink shares, extends tender offer to March 23
By Lisa Kerner
Charlotte, N.C., March 21 - Polycom, Inc.'s tender offer by its wholly owned subsidiary, Spyglass Acquisition Corp., for all outstanding shares of SpectraLink Corp. for $11.75 per share expired on March 20.
Shareholders tendered 17,729,176, or 90%, of SpectraLink's issued and outstanding shares, and all tendered shares were accepted for payment, according to a company news release.
Spyglass Acquisition began a three-day subsequent offering period, which expires at midnight on March 23, for all remaining SpectraLink shares at the same $11.75-per-share offer price.
The $220 million acquisition of SpectraLink was announced on Feb. 20.
Boulder, Colo.-based SpectraLink provides mobile voice and messaging applications.
Polycom is a Pleasanton, Calif.-based provider of collaborative communication applications.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.