Plantronics has completed its $2 billion (approximately €1.7 billion) acquisition of Polycom around three months after the deal was announced.
The acquisition- that covers $1.638 billion in cash and 6.352 million
Plantronics shares - expands Plantronics UCC offering. Triangle Private Holdings II, LLC,
which was Polycom’s sole shareholder, now owns approximately 16% of Plantronics.
Frank
Baker, co-founder and managing partner of Siris Capital Group (an affiliate of
Triangle Private Holdings II, LLC), and Daniel Moloney, executive partner, Siris Capital Group,
have been appointed to the Plantronics board of directors and nominated for
election by Plantronics’ stockholders at the 2018 Annual Meeting of Stockholders.
InAVate
caught up with Chris Thompson, vice president of B2B marketing at Plantronics,
when the deal was announced earlier in the year.
Read the interview here.