Gold Sponsors
Array Telepresence Logo   Human Productivity Lab Logo   Ashton Bentley Logo
Silver Sponsors
Bronze Sponsors
Telepresence Options Magazine

Latest Telepresence and Visual Collaboration News:
Full Article:

Mitel Networks makes $540 mln offer for Shoretel

October 21, 2014 | Telepresence Options

ShoreTel-and-Mitel

Story and images by Reuters

Oct 20 (Reuters) - Mitel Networks Corp , a provider of internet phone and video-conferencing services, said it offered to buy smaller peer Shoretel Inc for about $540 million.

The company said Shoretel had rejected an earlier proposal and refused to engage with Mitel.

The cash offer of $8.10 per share represents a 24 percent premium to Shoretel's closing price on Friday. (Reporting by Swetha Gopinath in Bangalore; Editing by Simon Jennings)

Continue Reading...







Add New Comment

Telepresence Options welcomes your comments! You may comment using your name and email (which will not be displayed), or you may connect with your Twitter, Facebook, Google+, or DISQUS account.