ShoreTel Acquires M5 Networks for $160,000,000

  • Feed Type
  • Date
    2/2/2012
  • Company Name
    M5 Networks
  • Mailing Address
    245 West 17th Street New York, NY 10011
  • Company Description
    M5 is a trusted hosted business VoIP phone system provider with proven customer satisfaction.
  • Website
    http://www.m5net.com
  • Transaction Type
    M&A
  • Transaction Amount
    $160,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    M5 shareholders will receive approximately $84 million in cash and 9.5 million shares of ShoreTel stock, which equates to a total of $146.3 million in initial consideration based on a ShoreTel’s average stock price over the prior 30 trading days. In addition, M5 shareholders may receive additional contingent consideration of up to $13.7 million. The contingent payments are payable over the two years after closing and are based upon the achievement of certain revenue performance milestones for the year ended Dec. 31, 2012.

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