je.st
news
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.
Tags: group
buy
private
usd
Category:Telecommunications