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Mitel Networks Corporation

09:57 AM EST - Mitel Networks Corporation : Has received notice from Polycom of a superior proposal from a third party, invoking the matching right period under Mitel’s existing merger agreement with Polycom. In response, Mitel has notified Polycom that it will not increase the consideration payable to Polycom stockholders under the merger agreement and that Mitel has waived its matching rights. Mitel Networks Corporation shares T.MNW are trading up $1.47 at $9.30.