Mitel Closes the Previously Announced Transaction with Searchlight Capital Partners
MITEL NETWORKS (MITL)
Last mitel networks earnings: 2/22 06:30 am
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Source: GlobeNewswire
OTTAWA, Nov. 30, 2018 (GLOBE NEWSWIRE) -- Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in business communications, and Searchlight Capital Partners, L.P. (“Searchlight”) today announced the successful completion of the previously announced transaction (the “Transaction”) in which affiliates of funds advised by Searchlight acquired all of the outstanding common shares of Mitel (the “Shares”) for US$11.15 per share in cash, without interest and less any applicable withholding taxes. Rich McBee, President and Chief Executive Officer of Mitel, said, “We are pleased to have completed the transaction and are excited for Mitel to begin this new chapter. Searchlight shares our vision to continue our move-to-the-cloud strategy, and we look forward to working with them to accelerate our strategy and drive the next phase of success for our customers, partners and employees.” With the completion of the Transaction, the Shares ceased trading on the Toronto Stock Exchange (the “TSX”) and wer
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