- Mitel shareholders to receive $11.15 per share in cash
- Transaction provides immediate liquidity and certainty of value to Mitel shareholders
- Purchase price represents a 24% premium over the 90-calendar-day weighted average price
Searchlight is a global private investment firm with offices in New York, London and Toronto. Searchlight seeks to invest in businesses where their long-term capital and strategic support accelerate value creation for all stakeholders. For more information, please visit www.searchlightcap.com.
A global market leader in business communications powering more than two billion business connections, Mitel (Nasdaq:MITL) (TSX:MNW) helps businesses and service providers connect, collaborate and provide innovative services to their customers. Our innovation and communications experts serve more than 70 million business users in more than 100 countries. For more information, go to www.mitel.com and follow us on Twitter @Mitel.
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Official Press Release – https://www.mitel.com/newsroom/news-releases/mitel-enters-definitive-arrangement-agreement-be-acquired-affiliates