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Private equity group to buy Mitel for USD 2 billion

Tuesday 24 April 2018 | 13:14 CET | News
Mitel has agreed to be acquired by Searchlight Capital Partners in an all-cash transaction worth about USD 2.0 billion, including Mitel's net debt. Mitel's shareholders will receive USD 11.15 per share in cash, a 24 percent premium over the 90-day weighted average price. When the transaction completes, Mitel will become a privately held company, a move expected to provide it with additional flexibility to accelerate its move-to-the-cloud strategy.

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Categories: Fixed
Companies: Mitel
Countries: World
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