Searchlight-led group to buy Mitel for $2 bln

Mitel said April 24 that it agreed to be sold to an investor group led by Searchlight Capital Partners in a deal valued at $2 billion, including debt. Mitel shareholders will receive $11.15 per common share in cash. The deal includes a 45-day go-shop period during which Mitel’s board can enter into negotiations for an alternative proposal. Mitel, of Ottawa, is an enterprise communications firm.

DealsNorth AmericaUSBriefs