SANTA CRUZ, Calif., June 23, 2022 /PRNewswire/ — Poly (NYSE: POLY), a global provider of professional-grade audio and video technology, today announced that its shareholders have voted to approve the merger agreement under which Poly will be acquired by HP Inc. .
Based on the preliminary results, more than 80% of Poly’s outstanding common stock was voted in favor of approving the merger agreement. Final voting results will be filed on a Form 8-K with the United States Securities and Exchange Commission.
The transaction is expected to close by the end of calendar year 2022, subject to receipt of required regulatory approvals and satisfaction of other customary closing conditions.
Poly (NYSE: POLY) creates premium audio and video products so you can have your best meeting, anywhere, anytime, anytime. Our headsets, video and audio conferencing products, desk phones, analytics software and services are beautifully designed and engineered to connect people with incredible clarity. They’re professional-grade, easy to use, and work seamlessly with all the top video and audio conferencing services. Poly MeetingAI delivers a broadcast-quality video conferencing experience with Poly DirectorAI technology that uses artificial intelligence and machine learning to provide real-time automatic transitions, framing, and tracking, while NoiseBlockAI and Acoustic Fence technologies block unwanted background noise. With Poly (Plantronics, Inc. – formerly Plantronics and Polycom), you’ll do more than show up, you’ll stand out. For more information, visit www.Poly.com.
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Vice President, Investor Relations
Vice President, Corporate Communications (213) 369-3719
Caution Regarding Forward-Looking Statements
This communication contains forward-looking statements that involve risks and uncertainties, including statements regarding: the acquisition of Poly by HP Inc., including the expected timing of the acquisition’s closing. If any of these risks or uncertainties materialize, or if any of Poly’s assumptions prove incorrect, Poly’s actual results could differ materially from the results expressed or implied by such forward-looking statements. Additional risks and uncertainties include those associated with: the possibility that the conditions to closing of the acquisition will not be satisfied on a timely basis or at all, including the risk that the regulatory approvals required to complete the acquisition will not be obtained; potential litigation related to the acquisition; uncertainties as to the timing of the completion of the acquisition; each party’s ability to complete the acquisition; the occurrence of any event, change or other circumstance that may give rise to termination of the acquisition; potential acquisition-related disruptions to Poly’s current plans and operations, including through the loss of employees, customers and business partners; economic, market, trade or geopolitical conditions (including resulting from the COVID-19 pandemic, supply chain disruptions or military conflict in Ukraine and related sanctions against Russia and Belarus) or the competition, or changes in these conditions, adversely affecting Poly’s business, operations and financial performance; and other risks and uncertainties detailed in Poly’s periodic reports with the Securities and Exchange Commission (the “SEC”), including Poly’s annual report on Form 10-K filed with the SEC on May 27, 2022which can be obtained from the investor relations section of Poly’s website (https://investor.poly.com). All forward-looking statements contained in this communication are based on information available to Poly as of the date of this communication, and Poly undertakes no obligation to update any forward-looking statements provided to reflect events that occur or circumstances that exist. after the date on which they were made, unless required by law.