PLEASANTON, Calif. — Polycom, Inc.
(NASDAQ:PLCM), the world’s leading provider of unified collaborative
communications solutions, today announced the expiration of the tender offer
by its wholly-owned subsidiary, Spyglass Acquisition Corp., for all
outstanding shares of SpectraLink Corp. (NASDAQ:SLNK). The subsequent
merger to finalize the acquisition will close today, Monday, March 26, 2007.
All remaining outstanding SpectraLink shares, other than those held by
stockholders who properly perfect appraisal rights under Delaware law, will
be converted into the right to receive $11.75 in cash. Following the merger
today, SpectraLink will become a wholly-owned subsidiary of Polycom.
“We are delighted to complete our acquisition of SpectraLink,” said Robert
Hagerty, chairman and CEO of Polycom. “SpectraLink’s technology, products,
partnerships, and people provide Polycom with immediate leadership in the
wireless telephony market. Now, by leveraging Polycom’s proven strength in
voice and video over IP (V2oIP), we have the unique ability to provide fixed
and mobile solutions that seamlessly encompass voice, video, and content
collaboration solutions from the desktop, to the meeting room, to the mobile
individual.”
Polycom Inc. (Nasdaq: PLCM)
