WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors (“Board”) of Mitel Networks Corporation (“Mitel” or the “Company”) (NASDAQ GS: MITL) related to the Company’s entry into an agreement to be acquired by an investor group led by affiliates of Searchlight Capital Partners, L.P. (“Searchlight”) in a transaction valued at approximately $2.0 billion (the “Proposed Transaction”).
On April 24, 2018, the Board caused Mitel to enter into an agreement (the “Arrangement Agreement”) with Searchlight. Pursuant to the terms of the Arrangement Agreement, shareholders of Mitel will receive $11.15 in cash for each share of Mitel common stock.
On May 14, 2018, Mitel filed a preliminary proxy statement (“Proxy Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction, which recommends that Mitel’s shareholders vote in favor of the Proposed Transaction. Rigrodsky & Long, P.A. is investigating possible violations of law related to the Proxy Statement, including whether the Proxy Statement omits material information with respect to the Proposed Transaction.
If you own common shares of Mitel and purchased any shares before April 24, 2018, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 300 Delaware Avenue, Suite 1220, Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail at firstname.lastname@example.org.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware, Garden City, New York, and San Francisco, California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
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