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Tag: mitel
Mitel makes USD 2.2-2.4 bln bid for Avaya - report
2019-04-26 11:49:00| Telecompaper Headlines
(Telecompaper) Mitel has made an offer for Avaya at USD 20-22 per share, or USD 2.2-2.4 billion, the Wall Street Journal reported, citing sources familiar with the matter. The deal could be announced next month, but could also not work out, the sources added. A combined company could better compete with Cisco, the report added.
Private equity group to buy Mitel for USD 2 billion
2018-04-24 13:14:00| Telecompaper Headlines
(Telecompaper) 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.
Mitel consolidates UCaaS market with acquisition of ShoreTel
2017-07-27 14:11:00| Telecompaper Headlines
(Telecompaper) Mitel has agreed to buy ShoreTel for USD 7.50 per share in cash, translating into a total equity value of USD 530 million and a total enterprise value of USD 430 million. The purchase price represents a 28 percent premium to ShoreTel's closing share price on 26 July, before the offer was made. Mitel said the acquisition will accelerate its move to the high-growth Unified Communications as a Service market, propelling it into second place worldwide, and more than doubling Mitel UCaaS revenue to USD 263 million.
Tags: market
acquisition
consolidates
shoretel
Polycom cancels sale to Mitel in favour of $2bn Siris deal
2016-07-08 02:00:00| Total Telecom industry news
Acceptance of private equity firm's higher offer will see conferencing specialist pay Mitel $60 million termination fee.
Tags: sale
deal
favour
cancels
Polycom to consider rival offer to Mitel bid
2016-05-24 13:56:00| Telecompaper Headlines
(Telecompaper) Polycom announced its board will consider a rival takeover offer to the agreed bid with Mitel. The new offer comes from an unnamed private equity company, identified as Sponsor 1 in a SEC filing by Polycom. Polycom's board said it still supports Mitel's offer, but would evaluate the new proposal to see if it could be considered a superior offer for shareholders.