Plantronics Confirms No Ongoing Discussions with Logitech

Plantronics Confirms No Ongoing Discussions with Logitech

5 years ago
Anonymous $L9wC17otzH

https://www.businesswire.com/news/home/20181125005156/en/

SANTA CRUZ, Calif.--(BUSINESS WIRE)--Nov 25, 2018--Plantronics, Inc. (NYSE:PLT), a market leader in the global headsets, voice, and video endpoint market, today confirmed that the Company is no longer engaged in discussions with Logitech International S.A. (“Logitech”) regarding a potential combination. While it is Plantronics’ practice not to comment, in accordance with Swiss disclosure requirements, Logitech was required to disclose the status of the discussions following recent media reports.

Logitech approached Plantronics regarding a potential acquisition and, consistent with the Plantronics Board’s fiduciary duties, the Company entered into discussions with Logitech. Those discussions have ended. Plantronics will not comment further on this matter.