• Most Popular
  • Most Shared

Inter-Tel says stockholders OK acquisition by Mitel Networks

Thu Aug 2, 2007 2:55pm EDT

Stocks

   

Aug 2 (Reuters) - Inter-Tel Inc. (INTL.O) said its stockholders approved the acquisition of the company by Mitel Networks Corp. for about $723 million, or $25.60 a share in cash.

Mergers & Acquisitions

The preliminary tabulation provided by its proxy solicitor indicated that more than 60 percent of its outstanding shares voted in favor of the deal, the communications systems and software provider said in a statement. (Reporting by Dilipp S. Nag in Bangalore)

Mergers & Acquisitions


More from Reuters

Photo

U.S. official admits security failed in air scare

WASHINGTON (Reuters) - The Obama administration admitted on Monday that air travel security failed when a Nigerian man with suspected ties to Islamic militants allegedly was able to smuggle explosives onto a U.S.-bound flight in an attempt to blow it up. | Video

» More Top News
Passengers queue to go through security checks at the departure gate at Gatwick Airport, in southern England December 28, 2009. REUTERS/Luke MacGregor

Travel headaches after scare

The U.S. is stepping up airline security measures following the Christmas bomb scare. Here's what you can expect.  Full Article | Video 

U.S.
A man yells at the site of suicide bomb attack on a procession of Shit'ite Muslims commemorating Ashura in Karachi December 28, 2009. Credit: REUTERS/Athar Hussain

"Worse than an infidel"

Dozens killed as suicide bomber attacks Shi'ite Muslim progression in Pakistan despite thousands of security forces on high alert.   Full Article | Video 

World