Mitel Announces Definitive Agreement to Acquire Mavenir
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Mitel Networks (MITL) to Acquire Mavenir (MVNR) in ~$560M Deal
March 2, 2015 6:10 AM ESTMitel Networks (NASDAQ: MITL) and Mavenir Systems (NYSE: MVNR), a leading provider of software-based networking solutions for mobile carriers, today announced that they have entered into a definitive merger agreement in which Mitel will acquire all of the outstanding shares of Mavenir common stock in a cash and stock deal valued at approximately $560 million. Under the terms of the merger agreement, Mitel will commence an exchange offer pursuant to which Mavenir stockholders will be entitled to elect to receive either all-cash or all-stock consideration for each... More
