July 8 (Reuters) - Video conferencing equipment maker
Polycom Inc PLCM.O said it agreed to be bought by private
equity firm Siris Capital Group for about $1.7 billion, ending a
deal with Canada's Mitel Networks Corp MNW.TO .
Siris Capital's offer of $12.50 per share in cash represents
a premium of 15 percent to Polycom's Thursday close.