Aastra Announce Plan to Merge with Mitel
Aastra have announced that they have entered into a definitive merge arrangement agreement with Mitel, unanimously approved by the Boards of Directors of both companies. Mitel will acquire all of Aastra’s outstanding common shares for US$6.52 in cash plus 3.6 Mitel common shares per each Aastra common share. Aastra are highly established in the telecommunications market, offering consumers innovative and scalable VoIP Phone products such as the 6721ip, 6730i and the 6735i. Using the Mitel closing common share price on November 8, 2013, and a CAD/USD exchange rate of 0.9531, this amounts to CAD$31.96 per Aastra common share, a...
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