Mitel sees Q3 adjusted EBITDA $21M-$22.5M Mitel announced that its Q3 adjusted EBITDA is expected to be in the range of $21.0M-$22.5M. The announcement provides supplemental detail to certain preliminary third quarter financial results released on February 11. Preliminary third quarter financial results are being disclosed in conjunction with Mitel's ongoing market discussions with potential lenders related to the refinancing of its existing senior secured credit facilities, the company said.
ShoreTel falls after Mitel withdraws acquisition proposal Earlier today, Mitel (MITL) announced that it has withdrawn its proposal to acquire all outstanding shares of ShoreTel (SHOR) common stock.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.