Mitel Withdraws ShoreTel Acquisition Proposal

by | Nov 17, 2014 | Industry News

Mitel logoOTTAWA, Nov. 17, 2014 (GLOBE NEWSWIRE) — Mitel (Nasdaq:MITL) (TSX:MNW), a global leader in business communications, today announced that it has withdrawn its proposal to acquire all outstanding shares of ShoreTel (Nasdaq:SHOR) common stock.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.

More at

Translate »