Canada’s Mitel to be bought by investor group in $2 billion deal

Canada’s Mitel Networks Corp said on Tuesday it would be bought by an investor group led by Searchlight Capital Partners in a deal valued at about US$2 billion, including debt.

Mitel shareholders will receive US$11.15 per share in cash, representing a premium of nearly 10 per cent to the stock’s Monday close.

© Thomson Reuters 2018