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Polycom shares plunge after Reuters reports Apax pulls out of talks

Polycom shares plunge after Reuters reports Apax pulls out of talks

Shares in videoconferencing firm Polycom tumbled nearly 7 percent on March 23 after Reuters reported that private equity firm Apax Partners walked away from acquisition talks without making a bid. The exclusive report, widely cited in online media and on CNBC, put to rest speculation of an imminent buyout of Polycom.

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