Key Developments: Mitel Networks Corp (MITL.O)

MITL.O on Nasdaq

10.17USD
19 Dec 2014
Price Change (% chg)

-- (--)
Prev Close
$10.17
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
151,182
52-wk High
$11.94
52-wk Low
$7.75

Search Stocks

Latest Key Developments (Source: Significant Developments)

Mitel Networks Corp increases proposal to acquire ShoreTel
Monday, 10 Nov 2014 08:00am EST 

Mitel Networks Corp:Has increased its proposal to acquire all of outstanding shares of ShoreTel common stock to $8.50 per share in cash and stock, representing total equity value of about $574 mln.Proposes to deliver to ShoreTel shareholders $8.10 per share in cash and $.40 per share in Mitel common shares, or approximately 2.72 mln shares.Increased proposal represents 31 pct premium to ShoreTel's unaffected stock price on Oct. 17 and 38 pct premium to ShoreTel's enterprise value.Increased proposal was extended to ShoreTel's Board of Directors.  Full Article

Mitel Networks Corp gives Q4 2014 guidance in line with analysts' estimates
Thursday, 6 Nov 2014 06:30am EST 

Mitel Networks Corp:Expects Q4 2014 revenue to be in the range of $290 million to $310 million.Expects Q4 2014 non-GAAP earnings per share (EPS) to be in the range of $0.27 to $0.30.Q4 2014 revenue of $306 million and EPS of $0.28 - Thomson Reuters I/B/E/S.  Full Article

Shoretel Inc board unanimously rejects Mitel Networks Corporation's unsolicited proposal
Monday, 27 Oct 2014 04:05pm EDT 

Shoretel Inc:Says its Board of Directors, after careful consideration with the assistance of its independent financial and legal advisors, has unanimously decided to reject the unsolicited proposal from Mitel Networks Corporation.Proposal to acquire all outstanding common shares of ShoreTel at a price of $8.10 per share in cash.ShoreTel Board concluded that the proposal significantly undervalues ShoreTel and its strong prospects for continued growth and value creation as it continues to implement its long-term strategic plan, and is not in the best interests of ShoreTel stockholders.  Full Article

Mitel Networks Corp to acquire ShoreTel for $8.10 per share in cash
Monday, 20 Oct 2014 08:01am EDT 

Mitel Networks Corp:Company made a proposal to ShoreTel Inc Board of Directors.To acquire all of outstanding shares of ShoreTel common stock for $8.10 per share in cash, representing total equity value of about $540 mln.Offer represents 24 pct premium to ShoreTel's closing stock price on Oct. 17, and 30 pct premium to ShoreTel's enterprise value.  Full Article

Mitel Networks Corp gives Q3 2014 guidance; revenue guidance below analysts' estimates
Thursday, 7 Aug 2014 06:30am EDT 

Mitel Networks Corp:Expects Q3 2014 GAAP revenue to be in range of $261 mln to $276 mln, reflecting typical third quarter seasonality.Expects Q3 2014 non-GAAP earnings per share (EPS) to be in range of $0.14 to $0.16.Q3 2014 revenue of $281 mln and EPS of $0.14 - Thomson Reuters I/B/E/S.  Full Article

Mitel Networks Corp awarded contract
Monday, 4 Aug 2014 10:00am EDT 

Mitel Networks Corp:Awarded National Joint Powers Alliance (NJPA) contract for telecommunications, wireless, and related equipment and services.This is second time Mitel has been awarded an NJPA contract.NJPA provides pathway for its government, education and non-profit member agencies to purchase Mitel solutions through its competitive contract bidding process.  Full Article

Mitel Networks Corp closes $91 mln bought deal secondary offering of common shares
Wednesday, 28 May 2014 10:02am EDT 

Mitel Networks Corp:Closes bought deal secondary offering.Arsenal Holdco I, S.a.r.l., Arsenal Holdco II, S.a.r.l., Kanata Research Park Corporation and Shen Capital Corporation sold 7,400,000 common shares of Mitel at price of C$12.30 per share for total gross proceeds of $91,020,000.Offering was underwritten by a syndicate of underwriters led by CIBC and Cormark Securities Inc.Mitel did not receive any proceeds from sale of the common shares by the Selling Shareholders.  Full Article

Mitel Networks Corp announces $91 million bought deal secondary offering of common shares
Tuesday, 13 May 2014 04:15pm EDT 

Mitel Networks Corp:Enters into agreement with Kanata Research Park Corporation, Arsenal Holdco I, S.a.r.l., Arsenal Holdco II, S.a.r.l. and Shen Capital Corporation.Also with Syndicate of underwriters led by CIBC and Cormark Securities Inc., who have agreed to purchase 7,400,000 common shares of Mitel.From Selling Shareholders on bought deal basis at price of C$12.30 per share.Selling Shareholders have also granted to Underwriters an over-allotment option to purchase, on same terms, up to further 1,110,000 common shares of Mitel held by them.Option to purchase the Over-Allotment Shares is exercisable at any time, in whole or in part, up to 30 days after the closing.Which is scheduled to occur on or about May 28, 2014.  Full Article

Mitel Networks Corp gives Q2 2014 revenue guidance
Thursday, 8 May 2014 07:02am EDT 

Mitel Networks Corp:Expects Q2 2014 GAAP revenue to be in range of $278 mln to $293 mln.  Full Article

Mitel Networks Corp acquires contact center call recording supplier OAISYS
Tuesday, 4 Mar 2014 12:00pm EST 

Mitel Networks Corp:Announced the acquisition of contact center supplier OAISYS, a developer of integrated call recording and quality management solutions.  Full Article

Deals of the day- Mergers and acquisitions

(Adds Halliburton, Allergan, Mitel Networks, Oriola-KD, Eni)

Search Stocks