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Friday 15 April 2016 2:48 pmTechnology firm agrees $2bn acquisition to create merged company with $2.5bn revenueBy: William TurvillShareFacebook
polene tasche Share on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleMitel has agreed a $1.96bn pound;1.38bn deal to acquire fellow technology company Polycom.The deal would create a merged company with $2.5bn revenue and 7,700 employees.Under the terms of the agreement, Polycom investors would be entitled to$3.12 and 1.31 Mitel common shares for each of their shares.Read more:China and Silicon Valley to keep technology MA volume high The transaction is expected to c
stanley mug lose in the third quarter of 2016, subject to shareholder and regulatory approval.The combined company will be headquartered in Ottawa, Canada, and operate under the Mitel name. However, the Polycom brand will be retained.Mitel s chief executive Richard McBee and chief financial officer Steve Spooner will continue their roles, with Polycom directors assuming two seats on the board.Read more:More proof investors are shying away from UK in MA reportThe two company s 2015 sales totalled $2.5bn, with earnings before interest, taxation, depreciation and amortisation Ebitda of $350m. Synergy savings are expected to total $160m.
brumate cooler McBee said: Polycom is one of the most respected brands in the world and is synonymous with the high quality and innovative conference and video capabilities that are now t Bkof Smiles all round as Boohoo rsquo rising revenue trumps City forecasts
Sunday 20 February 2011 10:41 pm|Updated:Thursday 30 May 2019 1:18 pmBEST OF THE BROKERSBy: KCS-contentShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleRENTOKILStandard Poorrsquo rates the pest controller hold with a reduced 12-month target price of 105p follow disappointing results on Friday. The broker sees little respite from pricing pressures in the textile and hygiene business and continued poor performance from the City Link division. SP was also surprised by the decision not to reinstate a dividend.KINGFISHERCitigroup rates the retailer buy / medium risk with a target price of 300p. The broker thinks the firm is on track for solid growth in the UK and France, despite below-forecasts results last week that were dragged down by slowing sales in China. Citi has raised its earnings per share for the year by one per cent to 19.8p.REED ELSEVIERSociete Generale rates the
stanley canada publisher buy with a 12-month target price of 680p. T
polene ca he broker sees the firmrsquo increased disclosure of LexisNexis operations as a useful way of highlighting unrecognised value in the business, which should ease fears of overexposure to the US legal market. SG has raised its target by 10p on improved debt figures. Share this articleFacebookXLinkedInWhatsAppEmailSimilarly tagged content:
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