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Poly sale to HP approved

July 12, 2022

A listing published by the European Commission announced that the planned sale of Plantronics, Inc. to HP Inc. has been approved.

In March, HP Inc. announced a definitive agreement to acquire Poly, a global provider of workplace collaboration solutions, in an all-cash transaction for $40 (€36) per share, implying a total enterprise value of $3.3 billion (€2.99 billion), inclusive of Poly’s net debt.

Last month, Poly’s shareholders also approved the sale, which enables the transaction to go ahead.

Ropes & Gray advised HP Inc. in its acquisition of Poly Inc.

Categories : City News

Tags : Acquisition Business European Commission HP Inc Inc. Plantronics Sale

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