Aastra and Mitel have announced that the Minister of Industry has approved the proposed merger of the companies which was announced on November 11, 2013. The Minister’s approval is a key requirement for the transaction and represents a significant milestone toward finalizing the merger.
Aastra specialize in delivering high quality VoIP phone solutions. With models such as the Aastra 6725ip, Aastra 6730i and Aastra 6753i, they are well positioned in the telecommunications market.
We are delighted with the positive response from the Canadian government to our proposed merger with Aastra,” said Richard McBee, President and Chief Executive Officer of Mitel. “Both Mitel and Aastra have deep and lasting Canadian roots, and we look forward to continuing to leverage our rich Canadian heritage and talent base as we look to build a new and more global and competitive future for both organizations.”
The combined company will be headquartered in Ottawa, Canada. The transaction is anticipated to close in the first quarter of 2014 subject to the approval of Aastra shareholders at the Aastra shareholder meeting scheduled for January 9, 2014 and other regulatory approvals and conditions specified in the Arrangement Agreement between Aastra and Mitel dated November 10, 2013.
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