NASDAQ GS
PLCM

Polycom, Inc.

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of Polycom, Inc. (NASDAQ GS: PLCM) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Polycom, Inc. (“Polycom” or the “Company”) (NASDAQ GS: PLCM) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Mitel Networks Corporation (“Mitel”) (NASDAQ GS: MITL), in a transaction valued at approximately $1.96 billion.

Under the terms of the agreement, shareholders of Polycom will receive 1.31 shares of Mitel common stock and $3.12 in cash for each share of Polycom they own.  Based on Mitel’s closing stock price on April 14, 2016, Polycom shareholders would have received compensation valued at approximately $13.44 per share.

The investigation concerns whether Polycom’s board of directors failed to adequately shop the Company and obtain the best possible value for Polycom’s shareholders before entering into an agreement with Mitel.  According to Yahoo! Finance, at least one analyst has issued a price target for Polycom stock at $15.00 per share.

If you own the common stock of Polycom and purchased your shares before April 15, 2016, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

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