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Mitel Networks Corp (MNW.TO)

MNW.TO on Toronto Stock Exchange

14.54CAD
19 Jul 2018
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Latest Key Developments (Source: Significant Developments)

Mitel Networks Says On Deal Termination Under Some Conditions, Million AcquisitionCo ULC To Pay The Mitel Networks A Fee Of $84.7 Million
Tuesday, 24 Apr 2018 12:53pm EDT 

April 24 (Reuters) - Mitel Networks Corp ::MITEL NETWORKS SAYS ON DEAL TERMINATION UNDER SOME CONDITIONS, MILLION ACQUISITIONCO ULC TO PAY THE MITEL NETWORKS A FEE OF $84.7 MILLION - SEC FILING.MITEL NETWORKS CORP - IF DEAL TERMINATED UNDER SOME CIRCUMSTANCES, CO MUST PAY A FEE OF $49.4 MILLION TO MILLION ACQUISITIONCO ULC.MITEL NETWORKS - IF DEAL TERMINATION IS IN CONNECTION WITH ENTRY INTO AGREEMENT WITH AN EXCLUDED PARTY, CO MUST PAY $17.7 MILLION TO MILLION ACQUISITIONCO.  Full Article

Canada's Mitel Networks Corp To Be Bought By Investor Group In $2 Bln Deal
Tuesday, 24 Apr 2018 07:00am EDT 

April 24 (Reuters) - Mitel Networks Corp ::MITEL NETWORKS CORP - MITEL ENTERS INTO DEFINITIVE ARRANGEMENT AGREEMENT TO BE ACQUIRED BY AFFILIATES OF SEARCHLIGHT CAPITAL PARTNERS FOR $2.0 BILLION.MITEL NETWORKS CORP - MITEL SHAREHOLDERS TO RECEIVE $11.15 PER SHARE IN CASH.MITEL NETWORKS CORP - ARRANGEMENT IS NOT SUBJECT TO A FINANCING CONDITION.MITEL NETWORKS CORP - UPON COMPLETION OF DEAL, MITEL WILL BECOME A PRIVATELY HELD COMPANY.MITEL NETWORKS CORP - MITEL BOARD WILL RECOMMEND THAT MITEL SHAREHOLDERS APPROVE ARRANGEMENT.MITEL NETWORKS CORP - ARRANGEMENT AGREEMENT INCLUDES A 45-DAY "GO-SHOP" PERIOD.MITEL NETWORKS CORP - IN LIGHT OF ENTERING INTO ARRANGEMENT AGREEMENT, CO WILL NOT HOLD A Q1 2018 CONFERENCE CALL.  Full Article

Mitel Announces Definitive Agreement To Sell DeTeWe To German ICT Systems Integrator Ostertag Group
Thursday, 22 Mar 2018 06:00am EDT 

March 22 (Reuters) - Mitel Networks Corp ::MITEL ANNOUNCES DEFINITIVE AGREEMENT TO SELL DETEWE TO GERMAN ICT SYSTEMS INTEGRATOR OSTERTAG GROUP.MITEL NETWORKS CORP - FINANCIAL DETAILS OF TRANSACTION WERE NOT DISCLOSED..MITEL NETWORKS CORP - ‍MANUEL FERRE-HERNANDEZ, CURRENTLY COUNTRY MANAGER OF MITEL GERMANY, IMMEDIATELY BECOMES MANAGING DIRECTOR OF MITEL GERMANY​.MITEL NETWORKS CORP - ‍ONCE DEAL COMPLETED, CHRISTIAN FRON WILL JOIN OSTERTAG HOLDING GMBH AS A MEMBER OF THEIR EXECUTIVE MANAGEMENT TEAM​.MITEL NETWORKS - ‍UPON DEAL CLOSING, DETEWE, AS PART OF OSTERTAG GROUP, TO CONTINUE TO BE CHANNEL PARTNER FOR MITEL IN GERMANY, & ALL EXISTING SUPPLIERS​.MITEL NETWORKS CORP - OSTERTAG WILL ACQUIRE DETEWE COMMUNICATIONS GMBH, MITEL'S DIRECT SYSTEMS INTEGRATION BUSINESS IN GERMANY.  Full Article

Mitel Networks reports Qtrly ‍Non-GAAP EPS From Continuing Operations $ 0.27​
Thursday, 22 Feb 2018 06:30am EST 

Feb 22 (Reuters) - Mitel Networks Corp ::MITEL REPORTS FOURTH QUARTER RESULTS.QTRLY ‍NON-GAAP EPS FROM CONTINUING OPERATIONS $ 0.27​.QTRLY ‍GAAP EARNINGS PER SHARE FROM CONTINUING OPERATIONS (BASIC) $0.01 ​.SEES ‍Q1 NON-GAAP REVENUES $300 MILLION TO $320 MILLION​.‍QTRLY GAAP REVENUES FROM CONTINUING OPERATIONS $355.9 MILLION VERSUS $259.8 MILLION IN Q4 2016 ​.SEES Q1 ‍NON-GAAP EPS $0.07 TO $0.13​.‍SEES Q1 NON-GAAP GROSS MARGIN 55.2% TO 57.2%​.Q4 REVENUE VIEW $346.8 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Mitel Networks earnings per share from continuing operations $0.16​
Thursday, 2 Nov 2017 06:30am EDT 

Nov 2 (Reuters) - Mitel Networks Corp :Mitel reports September quarter results.Mitel Networks Corp qtrly ‍reported adjusted earnings per share from continuing operations $0.16​.Mitel Networks Corp qtrly ‍reported basic loss per share from continuing operations $0.23​ in historical currency terms.Mitel Networks Corp - ‍sees Q4 non-GAAP revenues of $335 million to $360 million​.Mitel Networks Corp - sees ‍Q4 non-GAAP gross margin between 56.5 pct to 58.5 pct​.Mitel Networks Corp qtrly ‍GAAP revenues $241.5 million versus $234.5​ million.  Full Article

Elliott Associates‍​ reports 8.9 pct passive stake in Mitel Networks Corp
Thursday, 5 Oct 2017 05:09pm EDT 

Oct 5 (Reuters) - Mitel Networks Corp :Elliott Associates‍​ Lp reports a 8.9 percent passive stake in Mitel Networks Corp as of October 3, 2017 - SEC filing.  Full Article

‍Elliott Associates reports open market sale of 25k shares of Mitel Networks at $ 8.15/shr
Thursday, 14 Sep 2017 04:56pm EDT 

Sept 14 (Reuters) - Mitel Networks Corp :‍Elliott Associates L.P. reports open market sale of 25,000 shares of mitel networks corp at $ 8.15 per share on Sept 12 - SEC filing​.  Full Article

Shoretel to pay Mitel U.S. Holdings $24.5 mln if deal is terminated
Friday, 28 Jul 2017 02:08pm EDT 

July 28 (Reuters) - Mitel Networks Corp ::Says upon termination of merger deal under specified circumstances, Shoretel required to pay Mitel US Holdings termination fee of $24.5 million.Says Mitel US Holdings will be required to pay Shoretel termination fee of $30 million if Shoretel terminates merger agreement-SEC filing.  Full Article

Mitel reports June quarter results
Thursday, 27 Jul 2017 06:34am EDT 

July 27 (Reuters) - Mitel Networks Corp :Mitel Networks reports June quarter results.Says corp qtrly non-gaap eps $0.13.Sees Q3 GAAP revenues $225 million to $250 million.Mitel Networks Corp - ‍cost reduction actions initiated during June quarter are on-track​.Mitel Networks Corp sees Q3 gaap revenues $225 million to $250 million.Sees Q3 non-gaap net income 7.0-11 pct.Qtrly gaap revenues $238.6 million versus $260.3 million.Q2 earnings per share view $0.14, revenue view $244.3 million -- Thomson Reuters I/B/E/S.Q3 earnings per share view $0.20, revenue view $232.1 million -- Thomson Reuters I/B/E/S.Source text for Eikon: ID:nGNXOCQLZa.Further company coverage: MNW.TO.  Full Article

Mitel Networks Corp signs MoU to transfer certain assets, support obligations, including existing inventory, from Toshiba Corp to Mitel
Thursday, 11 May 2017 05:00pm EDT 

May 11 (Reuters) - Mitel Networks Corp ::Mitel networks corp - has signed mou to transfer certain assets and support obligations, including existing inventory, from toshiba corp to mitel.Mitel networks corp says transaction is expected to be immediately accretive; additional financial terms of deal were not disclosed.  Full Article