"What else do you have to do that will actually have to affect the Iranians' calculus?" said Amos Hochstein, who served as U.S. special envoy for international energy affairs...World Politicsread more
Reports of tensions may have been sparked by Kraft Heinz's underperformance, and because of accounting problems at the packaged goods company.Investingread more
The leaders of Japan and China got off to a tense start but have made significant progress in turning around their relations in recent years.Asia Politicsread more
Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
Citi Private Bank says it has maintained an "overweight" stance on stocks in China, Hong Kong, Taiwan and South Korea.Asia Marketsread more
FedEx sued the U.S. government, saying it should not be held liable if it inadvertently shipped products that violated a Trump administration ban on exports to some Chinese...Traderead more
SpaceX used its high speed boat called "Ms. Tree" to catch the nosecone its Falcon 9 rocket after Monday's launch.Investing in Spaceread more
Stocks in Asia slipped on Tuesday, while investors looked toward a meeting between U.S. President Donald Trump and Chinese President Xi Jinping set to happen later in the...Asia Marketsread more
A week of dovish fireworks out of the central banking community has just gone by with most of the world's leading central banks now guiding towards easing in light of downside...Commentaryread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
Polycom spiked nearly 13 percent, and Mitel popped nearly 20 percent on Friday. Private equity firm Siris Capital overshadowed Mitel's $1.96 billion offer with a roughly $2 billion, or $12.50 per share, cash bid.
"We are very excited for the opportunity to partner with Polycom and its leadership team, as the Company fits well with Siris' investment focus on mission-critical telecommunications businesses," said Dan Moloney, executive partner at Siris, in a statement Friday.
Siris added that it wants to use Polycom's audio and video collaboration to move into a cloud-based environment.
"While I am disappointed that this particular transaction will not move forward, I am confident in Mitel's future as an industry leader and as a market consolidator," said Rich McBee, president and CEO of Mitel in a Friday statement. He indicated that the company would not adjust the prior agreement.
Jonathan Kees, an analyst at Summit Redstone, told CNBC that Mitel shares were up so much because of three reasons.
"First, they're getting $60 million in break-up fees," he said. "Second, they don't need to issue additional equity to fund the deal."
Lastly, "They're getting more respect from investors because they didn't overpay," Kees said. "Mitel could've counter offered, but they didn't."
Polycom will pay a $60 million termination fee, the New York-based firm said.
Mitel's U.S.-listed shares traded at $7.21 a share, while Polycom traded near $12.25 per share. Mitel and Polycom shares have dropped more than 12 and 2 percent this year, respectively.