Elliott Management suggests Polycom-Mittel merger

Elliott Management acquired a 6.6% stake in Polycom Inc. (Nasdaq: PLCM) and suggested a merger between Polycom and Mittel Networks Corp. (Nasdaq: MITL). Shares of Polycom soared $1.91 to close at $13.35 while Mittel stock surged $1.16 to close at $8.18.


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