Mitel Networks Acquires Mavenir Systems for $560,000,000

  • Feed Type
  • 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.

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