Why Mitel Networks Shares Popped Today [The Motley Fool]
MITEL NETWORKS (MITL)
Last mitel networks earnings: 2/22 06:30 am
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Source: The Motley Fool
Mitel is going private in a $2 billion deal. Evan Niu, CFA ( TMFNewCow ) Apr 24, 2018 at 1:41PM What happened Shares of Mitel Networks ( NASDAQ:MITL ) have popped today, up by 10% as of 12:40 p.m. EDT, after the company agreed to be acquired. Mitel will go private upon closing. So what An investor group being led by private equity firm Searchlight Capital Partners has agreed to acquire Mitel in a deal valued at $2 billion, which includes Mitel's net debt. The transaction values Mitel at $11.15 per share, which represents a multiyear high and translates into a 24% premium compared to the 90-day volume-weighted average price (VWAP) through yesterday. Image source: Getty Images. Mitel's board has unanimously voted in favor of the deal and recommends that all shareholders vote in favor as well. Now what The deal will be funded ent
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