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Broadband

Plantronics closes acquisition of Polycom with fresh USD 1.275 bln loan

Wednesday 4 July 2018 | 16:21 CET | News
Under the terms of the transaction, Triangle Private Holdings affiliate Siris has appointed two new members to the Plantronics board of directors, namely Frank Baker, a co-founder and managing partner, and Daniel Moloney, an executive partner. Plantronics confirmed the deal will be immediately accretive to adjusted earnings per share and that it will achieve annual run-rate cost synergies of USD 75 million within 12 months. 

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Categories: Fixed
Companies: Plantronics / Polycom
Countries: World
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