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Mitel shareholders approve acquisition of Mitel by affiliates of Searchlight Capital Partners

Published 07/10/2018, 01:42 PM
© Reuters.  Mitel shareholders approve acquisition of Mitel by affiliates of Searchlight Capital Partners
  • Mitel Networks (MITL +0.1%) announced that its shareholders approved the acquisition of Mitel by an investor group led by affiliates of Searchlight Capital Partners.
  • ~97.5% of the shares voted at the meeting were cast in favor of the resolution to approve the arrangement.
  • Upon closing of the arrangement, Mitel shareholders will receive $11.15 per common share in cash, less any applicable withholding taxes.
  • The arrangement is expected to close during the second half of 2018, subject to remaining customary closing conditions.
  • Now read: MoneyGram extends partnership with U.K. Post Office


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