Mitel acquires Inter-Tel

Mitel, my employer, is reportedly acquiring US business VoIP company Inter-Tel for $723M: Citizen story, Ottawa Business Journal story.

No punditry from me; I don’t know enough about the business side. I’d never heard of Inter-Tel before now.

2 responses to “Mitel acquires Inter-Tel”

  1. You’re on the buying vs. being bought side (unless I misread) – the buying side is always better.

  2. Not ‘acquires’ – makes an offer to buy. Google tells me that one 20% shareholder (the founder) will be hostile to the offer. So the offer needs to be good enough to attract 5/8 of the rest of the shareholders – some of whom might want to keep their shares or might wait for a better offer.