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Siris Capital exits position in Plantronics

Aug. 27, 2020 4:40 PM ETHP Inc. (HPQ) StockHPQBy: Manshi Mamtora, CFA
  • Siris Capital and Plantronics (NYSE:PLT) or Poly announces that Siris has sold ~4.1M of the 7.1M shares of Poly common stock that it previously owned, which represents ~57% of Siris' stake in Poly and ~10% of Poly's outstanding shares.
  • Siris and Poly have had a successful long-term relationship dating back to the company's acquisition of Polycom from Siris in 2018.
  • The share sale represents an opportunity for Siris to realize what it considers to be an attractive return on its original investment in Polycom in 2016
  • Press Release

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