Aastra's shareholders give OK to $400 mln acquisition by Mitel
Investors in Concord, Ont.-based enterprise communications provider Aastra Technologies Ltd (TSX: AAH) have approved the company's merger with Mitel Networks Corp (TSX: MNW) (Nasdaq: MITL). The previously-announced $400 million transaction received more than 99% of the votes cast in a special meeting of shareholders. Mitel, a cloud and communications software solutions business based in Ottawa, is majority-owned by U.S. private equity firm Francisco Partners and Dr. Terence Matthews. Osler, Hoskin & Harcourt LLP is acting for Mitel in the deal.
10 January 2014•3 mins read
