Mitel addressed its partners last month in an email over a proposed acquisition of US-based competitor ShoreTel for $8.10 per share. Mitel has already stated previously “our intention that our company be a consolidator in this market.”
In his address to partners Graham Bevington, EVP for EMEA, said “We strongly believe that there is a compelling opportunity to bring together two market innovators in a way that delivers significant value and opportunities to channel partners and customers of both companies, primarily in the U.S. Regrettably, the ShoreTel Board of Directors, on behalf of their shareholders, has declined our initial proposal. The Mitel Board of Directors and senior management team continue to believe that the proposal offers attractive benefits to all stakeholders and we remain open to constructive and progressive discussions.”
While this combination could result in exciting opportunities for existing channel partners, particularly in the U.S., it is important to highlight that at the time of going to print this remains a proposed acquisition and not a done deal.