Mitel buys Shortel – Moved Mitel into the #2 position in the hosted handset market.

Mitel buys Shortel – Moved Mitel into the #2 position in the hosted handset market.

Mitel completes purchase of Shortel to become the #2 hosted handset provider.

Mitel (Nasdaq:MITL) (TSX:MNW) and ShoreTel (Nasdaq:SHOR) today announced that they have entered into a definitive merger agreement pursuant to which 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, or 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.

Aastracom is proud to offer products from Mitel.