Posted on
ShoreTel has confirmed that it has received an unsolicited proposal from Mitel to acquire all of the outstanding shares of the company for $8.10 per share in cash.
ShoreTel's board of directors, in consultation with its financial and legal advisors, will review and evaluate the proposal and determine the course of action that it believes is in the best interest of the company's stockholders.
ShoreTel has advised stockholders not to take any action at this time pending the review of the proposal by the company's board of directors.
Related Topics