Ottawa-based Mitel will receive a US$60 million termination fee
A friendly Canadian takeover of California-based Polycom has been called off on amicable terms after Mitel Corp. decided it wouldn’t match a rival offer.
The two companies say Ottawa-based Mitel will receive a US$60 million termination fee from Polycom under an agreement announced in April, valued at the time at US$1.96 billion in cash and stock.
Read the full article at: business.financialpost.com
