Plantronics Confirms No Ongoing Discussions with Logitech
Plantronics, Inc., a market leader in the global headsets, voice, and video endpoint market, today confirmed that the Company is no longer engaged in discussions with Logitech International S.A. ("Logitech") regarding a potential combination. While it is Plantronics' practice not to comment, in accordance with Swiss disclosure requirements, Logitech was required to disclose the status of the discussions following recent media reports.
Logitech approached Plantronics regarding a potential acquisition and, consistent with the Plantronics Board's fiduciary duties, the Company entered into discussions with Logitech. Those discussions have ended. Plantronics will not comment further on this matter.
"Our combined organization of Plantronics and Polycom is working tirelessly to help our customers communicate, work, and play, wherever they are," said Joe Burton, President and Chief Executive Officer, Plantronics, "Already the market leader in Unified Communications with the most comprehensive portfolio of communications and collaborations endpoints, our prospects are outstanding. We are working to reinvent the industry with valuable business insights available through unique software and analytics capabilities that span the entire portfolio of endpoints."
Logitech approached Plantronics regarding a potential acquisition and, consistent with the Plantronics Board's fiduciary duties, the Company entered into discussions with Logitech. Those discussions have ended. Plantronics will not comment further on this matter.
"Our combined organization of Plantronics and Polycom is working tirelessly to help our customers communicate, work, and play, wherever they are," said Joe Burton, President and Chief Executive Officer, Plantronics, "Already the market leader in Unified Communications with the most comprehensive portfolio of communications and collaborations endpoints, our prospects are outstanding. We are working to reinvent the industry with valuable business insights available through unique software and analytics capabilities that span the entire portfolio of endpoints."