April 24, 2018 / 11:11 AM / 6 months ago

Canada's Mitel to be bought by investor group in $2 bln deal

April 24 (Reuters) - Canada’s Mitel Networks Corp said on Tuesday it would be bought by an investor group led by Searchlight Capital Partners in a deal valued at about $2 billion, including debt.

Mitel shareholders will receive $11.15 per share in cash, representing a premium of nearly 10 percent to the stock’s Monday close. (Reporting by John Benny in Bengaluru Editing by Saumyadeb Chakrabarty)

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