Poly Wins Shareholder Nod for HP Buyout.
MANews-(C)2009-2022
Shareholders of US-based audio and video products outfitter Poly (NYSE: POLY) have voted to approve the merger agreement pursuant to which Poly will be acquired by US-based technology company HP Inc (NYSE: HPQ), the company said.
Under the deal, which was announced in March, HP will acquire Poly in a USD 40 per share cash deal with an enterprise value of USD 3.3bn.
Based on preliminary results, over 80% of Poly's outstanding common stock was voted in favor of the approval of the merger agreement.
The transaction is expected to close by the end of calendar 2022, subject to receipt of required regulatory clearances and the satisfaction of other customary closing conditions.
Poly (NYSE: POLY) creates...
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