Enterprise communications firm Mitel is being acquired for $2B by Rackspace investor Searchlight

Apr 24 2018 by TechCrunch

 

Mitel, the enterprise communications company that tried but failed to buy Polycom for $2 billion, is now being acquired for $2 billion itself. The company today announced that it has agreed to be acquired by Searchlight Capital Partners in an all-cash transaction of $2 billion, which will also see the company going private.

The price is a decent jump on the company’s market cap of $1.57 billion when it closed trading on Nasdaq yesterday evening, with the $11.15 per share deal a 24 percent...

Continue Reading Enterprise communications firm Mitel is being acquired for $2B by Rackspace investor Searchlight