Tuesday, November 13, 2018

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Plantronics: To the Moon & Beyond

Plantronics Inc, a U.S. manufacturer of Bluetooth earpieces and gaming headsets, is exploring options that include a potential sale of the company after attracting takeover interest, people familiar with the matter said on Thursday.

The company’s stock was briefly halted due to volatility. It opened up more than 2 percent after trading resumed

A sale of Plantronics would come on the heels of the company’s $2 billion acquisition in July of U.S. video-conferencing equipment maker Polycom Inc. It would underscore the scope for consolidation in the sector, as telephony equipment becomes more commoditized and competition increases.

There is no certainty that Plantronic’s sale discussions will result in any deal, said the sources, who asked not to be identified because the deliberations are confidential.

Plantronics declined to comment.


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