Key Developments: ShoreTel Inc (SHOR.O)

SHOR.O on Nasdaq

7.55USD
19 Dec 2014
Price Change (% chg)

$-0.06 (-0.79%)
Prev Close
$7.61
Open
$7.58
Day's High
$7.58
Day's Low
$7.45
Volume
472,975
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52-wk High
$9.81
52-wk Low
$5.73

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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

Shoretel Inc board unanimously rejects Mitel'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

Shoretel Inc gives Q2 2015 revenue guidance in line with analysts estimates
Thursday, 23 Oct 2014 04:14pm EDT 

Shoretel Inc:Says Q2 2015 total revenue is expected to be in the range of $85.0 million to $91.0 million.Q2 2015 revenue of $87 million - Thomson Reuters I/B/E/S.  Full Article

Shoretel Inc gives Q1 2015 revenue guidance in line with analysts estimates
Thursday, 7 Aug 2014 04:13pm EDT 

Shoretel Inc:Expects Q1 2015 total revenue to be in the range of $84.0-$89.0 mln.Q1 2015 revenue of $85 mln - Thomson Reuters I/B/E/S.  Full Article

Shoretel Inc gives Q4 2014 revenue outlook in line with analysts' estimates
Thursday, 24 Apr 2014 04:11pm EDT 

Shoretel Inc:Expects Q4 2014 total revenue to be in the range of $83-$89 mln.Q4 2014 revenue of $87 mln - Thomson Reuters I/B/E/S.  Full Article

Shoretel Inc gives Q3 2014 revenue guidance in line with analysts' estimates
Thursday, 23 Jan 2014 04:06pm EST 

Shoretel Inc:Says Q3 2014 revenue to be in the range of $80 million to $85 million.Q3 2014 revenue of $84 million - Thomson Reuters I/B/E/S.  Full Article

Shoretel Inc Issues Q2 2014 Revenue Guidance In Line With Analysts' Estimates
Wednesday, 30 Oct 2013 04:05pm EDT 

Shoretel Inc announced that for second quarter of 2014, it expects revenue to be in the range of $80 million to $86 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $83 million for the second quarter of 2014.  Full Article

Shoretel Inc Names Don Joos As President And CEO
Thursday, 8 Aug 2013 04:05pm EDT 

Shoretel Inc announced that its board of directors has named Don Joos to serve as the Company's President and Chief Executive Officer (CEO).  Full Article

Shoretel Inc Issues Q1 2014 Revenue Guidance In Line With Analysts' Estimates
Thursday, 8 Aug 2013 04:05pm EDT 

Shoretel Inc announced that for first quarter of 2014, it expects revenue to be in the range of $77 million to $83 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $79 million for the first quarter of 2014.  Full Article

Shoretel Inc Announces Retirement Of President and Chief Executive Officer
Friday, 10 May 2013 09:00am EDT 

Shoretel Inc announced that Peter Blackmore, president and Chief Executive Officer (CEO), has informed the Company of his intention to retire as soon as a successor is announced. A search for a new CEO is underway.  Full Article

Mitel withdraws its $574 million bid for ShoreTel

TORONTO - Canadian telecom services provider Mitel Networks Corp said on Monday it has withdrawn its bid to buy smaller U.S. peer ShoreTel Inc , after ShoreTel refused to engage in any talks regarding a potential transaction.

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