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Stock Market & Financial Investment News

News Breaks
November 29, 2012
18:09 EDTMITLMitel sees Q3 revenue $141M-$146M, consensus $142M
News For MITL From The Last 14 Days
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April 27, 2015
08:02 EDTMITLMitel announces cash, share consideration for Mavenir Systems acquisition
Mitel (MITL) announced, in connection with its pending acquisition of Mavenir Systems (MVNR), that the Cash Consideration and the Share Consideration will equal $17.55 and 1.8320 Mitel Common Shares, respectively, in each case assuming that Mitel's exchange offer expires at 12:00 midnight, New York City time, on April 28, 2015. Mitel has determined the Cash Consideration and the Share Consideration based on the average of the volume weighted average price on the NASDAQ Global Market of a Mitel common share on each of the 10 consecutive trading days ending on and including the second trading day prior to April 28, 2015, or $9.5796. If the exchange offer is extended, Mitel will recalculate this information based on the later expiration date of the exchange offer and announce the new amounts by issuing a press release. As a result of proration, Mavenir stockholders will not know the amount of cash or Mitel common shares that they will receive in the exchange offer until after consummation of the exchange offer.

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