Mitel Ups The Offer For Shoretel To 574 Million
Mitel, Shoretel takeover bid.
After being rejected by Shoretel on Mitel's initial offer of $8.10 to $8.50 a share which sends the offer to $574 Million.
“We continue to believe that the combination of our two companies offers a compelling opportunity to add sustained value to both organizations, and would solidify our combined leadership position in a highly competitive and rapidly consolidating market,”said Richard McBee, chief executive officer of Kanata, Ontario-based Mitel, in a letter to ShoreTel’s board today.
Bloomberg
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