Davis Polk is advising Morgan Stanley & Co. LLC as the sole dealer manager in connection with a modified “Dutch Auction” cash tender offer by Polycom, Inc. to purchase up to $250 million in value of its common stock at a price range that is not greater than $11.50 nor less than $10.00 per share. The number of shares of common stock proposed to be purchased in the tender offer (at the minimum purchase price of $10.00 per share) represents approximately 14.7% of the company’s outstanding common stock as of September 9, 2013.

Headquartered in San Jose, California, Polycom is the global leader in open, standards-based unified communications and collaboration solutions (UC&C) for voice and video collaboration.

The Davis Polk corporate team includes partner Phillip R. Mills and associates Daniel N. Borlack and Jennifer Pinchevsky. Partner Michael Mollerus and associate Craig A. Phillips are providing tax advice. All members of the Davis Polk team are based in the New York office.