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SHAREHOLDER ALERT: Brower Piven Commences an Investigation into the Proposed Sale of Polycom, Inc. and Encourages Investors to Contact the Firm for Additional Information
[April 18, 2016]

SHAREHOLDER ALERT: Brower Piven Commences an Investigation into the Proposed Sale of Polycom, Inc. and Encourages Investors to Contact the Firm for Additional Information


The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Polycom, Inc. ("Polycom" or "the Company") (Nasdaq: PLCM) relating to the proposed buyout of the Company by Mitel (News - Alert) Networks Corporation ("Mitel Networks").

Under the terms of the agreement, Polycom shareholders are anticipated to receive $3.12 in cash and 1.31 shares of Mitel Networks stock for each share of Polycom (News - Alert) common stock held. The transaction values Polycom stock at approximately $13.68 per share. The firm's investigation seeks to determine, among other things, whether the Company's Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisiion and whether the Board obtained the best price possible for the Company's shares of common stock, especially given that according to Yahoo! Finance, at least one Wall Street analyst has issued a price target for Polycom stock at $15.00 per share.



If you currently own common stock of Polycom and believe that the proposed buyout price is too low, or you would like to learn more about the investigation being conducted by Brower Piven, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at [email protected] or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.



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