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Mitel offers USD 540 mln for Shoretel

Monday 20 Oct 2014 | 14:49 CET | News
Enterprise telephony specialist Mitel has offered to acquire Shoretel for USD 540 million. Its unsolicited bid of USD 8.10 cash per share is a 24 percent premium to Shoretel's closing stock price the last trading day before the announcement. The company went public with the offer after Shoretel's board rejected an initial approach. Mitel said it aims to be a consolidator in the business ...

Mitel offers USD 540 mln for Shoretel

Monday 20 Oct 2014 | 14:49 CET | News Enterprise telephony specialist Mitel has offered to acquire Shoretel for USD 540 million. Its unsolicited bid of USD 8.10 cash per share is a 24 percent premium to Shoretel's closing stock price the last trading day before the announcement. The company went public with the offer after Shoretel's board rejected an initial approach. Mitel said it aims to be a consolidator in the business ...

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