
Mitel Enters into Definitive Arrangement Agreement to be Acquired by Affiliates of Searchlight Capital Partners for $2.0 Billion
Mitel shareholders to receive $11.15 per share in cashTransaction provides immediate liquidity and certainty of value to Mitel shareholdersPurchase price represents a 24% premium over the 90-calendar-day weighted average price Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in business communications, today announced that it has signed a definitive arrangement agreement to be acquired by an investor group led by affiliates of Searchlight Capital Partners, L.P. (“Searchlight”) in an all-cash transaction valued at approximately $2.0 billion, including Mitel’s net debt.