It’s a Wrap – Mitel Closes Share Deal

Richard McBee of Mitel

Mitel and Searchlight Capital Partners, have announced the successful completion of the previously announced transaction in which affiliates of funds advised by Searchlight acquired all of the outstanding common shares of Mitel for US$11.15 per share in cash, without interest and less any applicable withholding taxes.

Rich McBee, President and Chief Executive Officer of Mitel, said, “We are pleased to have completed the transaction and are excited for Mitel to begin this new chapter. Searchlight shares our vision to continue our move-to-the-cloud strategy, and we look forward to working with them to accelerate our strategy and drive the next phase of success for our customers, partners and employees.”

With the completion of the Transaction, the Shares ceased trading on the Toronto Stock Exchange and were de-listed from the TSX at close of business and the Shares will cease trading as of 3 December 2018 on the Nasdaq. Mitel will also cease to be a reporting issuer under applicable Canadian securities laws.

Shareholders who have questions or require assistance with submitting their shares in connection with the Transaction may direct their questions to Computershare Trust Company of Canada, which is acting as depositary in connection with the Transaction, by telephone at 1 (800) 564-6253 (toll free in North America) or by email at corporateactions@computershare.com.

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With over 40 years in the communications & IT sector in sales, marketing and editorial roles, Ian brings his channel experience from key UK players fully to bear in our editorial content and events.

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