Mitel Networks Acquires Mavenir Systems for $560,000,000
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d760ff6d-3500-40a5-9d68-e33a6174898b - Date
3/3/2015 - Company Name
Mavenir Systems - Mailing Address
1700 International Parkway Richardson, TX 75081 USA - Company Description
Mavenir’s solutions, located between the access and the core, provide an efficient, cost-effective method to introduce tomorrow’s multimedia services across a multitude of access technologies, in an incremental fashion, with device and context aware intelligence. - Website
http://www.mavenir.com - Transaction Type
M&A - Transaction Amount
$560,000,000 - Transaction Round
- Proceeds Purposes
- M&A Terms
Under the terms of the merger agreement, Mitel will commence an exchange offer pursuant to which Mavenir stockholders will be entitled to elect to receive either all-cash or all-stock consideration for each share of Mavenir common stock. This will be subject to proration, in either case with a value of $11.08 plus 0.675 of a Mitel common share, or $17.94 based on the closing price of a Mitel common share on February 27, 2015.
