IPC Technologies: IPC Applauds the Planned Merger of Mitel and ShoreTel

RICHMOND, Va., July 31, 2017 -- IPC is excited to announce to its customers that Mitel has entered into a definitive agreement to acquire ShoreTel. Under the agreement, announced by the two companies today, Mitel will acquire 100 percent of the outstanding shares of ShoreTel common stock in an all-cash transaction at a price of $7.50 per share. The combined entity will be headquartered in Ottawa, Canada, and will operate as Mitel.