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Along with announcing a Q3 beat, Polycom (PLCM) discloses it has settled a lawsuit to enforce...
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Tuesday, October 23, 2012, 6:51 PM ETAlong with announcing a Q3 beat, Polycom (PLCM) discloses it has settled a lawsuit to enforce the $110M sale of its enterprise cordless phone business to P-E firm Sun Capital. Polycom will be paid $53M up-front (subject to some adjustments), and $57M over the next four years (subject to EBITDA milestones). The deal is expected to close by Dec. 15. Shares +3.7% AH.
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