Mitel Networks +9% on acquisition announcement [Seeking Alpha]
MITEL NETWORKS (MITL)
Last mitel networks earnings: 2/22 06:30 am
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Source: Seeking Alpha
Mitel Networks +9% on acquisition announcementMitel Networks (NASDAQ:MITL) sharessoar 9% after the companyagrees to be acquired by Searchlight Capital Partners in a $2B deal including debt.Mitel shareholders will receive $11.15/share in cash for each share, which is a nearly 10% premium on yesterday’s closing price and a 24% premium on the 90-day weighted average price.The deal is expected to close in 2H18.See all stocks on the move »Now read:Box called key AI play at Sohn conference; shares jump 13% »
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