On Friday, Mitel Networks Corp of Canada said it will acquire Polycom Inc, the voice and telephone gear maker in the United States. The agreement will be for approximately $1.96 billion cash and stock deal. It has been championed by Elliott Management, the activist investor, to make a consolidation in the telecom-equipment industry.
Reports citing unnamed sources said Montreal, Canada based multinational aerospace and transportation company, Bombardier Inc. is close to reaching an agreement to sell about seventy five C Series jetliners to Delta Air Lines Inc. If it works out, the deal will be the biggest till date for the company's struggling aircraft program.