SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

CHANNEL BY TOPICS


QUICK LINKS




Share

May 16, 2007

Inter-Tel Stock Hits 52-Week High on New Offer

By Greg Galitzine, Group Editorial Director

Inter-Tel (News - Alert) Inc. shareholders enjoyed watching their stock rise to a 52-week high today, closing up $1.34 at $26.90.



 
According to published reports, Inter-tel said it had received a letter from Vector Capital Corp. expressing an interest in buying the company in a cash offer of $26.50 per share, which puts the value of the offer at about $715.8 million.
 
 
As was reported earlier by TMCnet, Inter-Tel already has an agreement with Mitel (News - Alert) Networks Corp. and Arsenal Acquisition Corp., which agreed to buy it for $25.60 per share in cash.
 
 
Today, Inter-Tel said its special committee had determined that Vector Capital's bid was reasonably likely to lead to a superior proposal, and that they have notified Mitel of the committee’s decision to engage in talks with Vector Capital.
 
 
 

(source: http://news.tmcnet.com/news/2007/05/16/2632219.htm)






Digium's Kevin P. Fleming to Keynote 4th Annual Co.....
Fonality's Garrison Talks About Pros, Cons of Open.....
Aculab's Colville Addresses Developer Community
Nortel's Thomas Speaks to Communication Developers
Inter-Tel Stock Hits 52-Week High on New Offer
IP Telephony Market Expected to Produce Significan.....
Packet8 Virtual Office Tops SMB Hosted VoIP Servic.....
Why You Should Consider Unified Communications for.....
Five9 and Bayan Telecommunications Join Forces to .....
Communications Developer Conference Video
Communications DevCon
Communications Developer Photos
Trixbox Keynote







Technology Marketing Corporation

2 Trap Falls Road Suite 106, Shelton, CT 06484 USA
Ph: +1-203-852-6800, 800-243-6002

General comments: [email protected].
Comments about this site: [email protected].

STAY CURRENT YOUR WAY

© 2023 Technology Marketing Corporation. All rights reserved | Privacy Policy