July 8 (Reuters) - Mitel Networks Corp MNW.TO
* Says received notice from Polycom of a superior proposal
from a third party
* Polycom will terminate merger agreement and pay Mitel $60
million termination fee concurrently with termination
* Mitel responds to notification from Polycom of superior
proposal
* Waives right to match consideration payable to Polycom
stockholders
* Says Polycom has indicated that it will promptly terminate
merger agreement
* Says Polycom will pay Mitel $60 million termination fee
concurrently with termination
Source text for Eikon: ID:nGNXMXDRZa
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