ShoreTel falls after Mitel withdraws acquisition proposal Earlier today, Mitel (MITL) announced that it has withdrawn its proposal to acquire all outstanding shares of ShoreTel (SHOR) common stock. The decision to terminate the proposal early was made in light of the repeated refusal of ShoreTel's board of directors to engage in discussions of any kind regarding a potential transaction. Shares of ShoreTel are lower by over 9% to $7.43 while Mitel is up fractionally in midday trading.
Mitel announces partnership with IPVALUE Mitel has selected IPVALUE Management as its partner to commercialize its patent portfolio. Under the multi-year agreement, IPVALUE will be responsible for originating and executing transactions related to patent licensing and sales across Mitel's entire portfolio worldwide.