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Mitel Networks to acquire ShoreTel for $7.50 per share

Staff Writer | July 27, 2017
Mitel will acquire 100% of the outstanding shares of ShoreTel common stock in an all-cash transaction at a price of $7.50 per share.
ShoreTel
Acquisition   $7.50 per share
This is a total equity value of approximately $530 million and a total enterprise value of approximately $430 million.

The purchase price represents a 28% premium to ShoreTel’s closing share price on July 26, 2017.


 

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