Fenwick & West represented ShoreTel, Inc. (NASDAQ:SHOR), provides businesses worldwide with communication solutions that make interactions simple, in its acquisition by Mitel Networks (NASDAQ:MITL), a global market leader in enterprise communications. Mitel will acquire 100% of the outstanding shares of ShoreTel common stock in an all-cash transaction at a price of $7.50 per share, or a total equity value of approximately $530 million and a total enterprise value of approximately $430 million.
The combined company will be the #2 player in the UCaaS market, creating a supplier with the scale and technical capabilities to enable customers with new cloud-based solutions and applications. More information about ShoreTel's acquisition by Mitel can be obtained from the company announcement.
The Fenwick transaction team included corporate lawyers Jeff Vetter, David Michaels, Bomi Lee, Victoria Lupu, Gilad Yacubovich, Chris Gorman, Jesse King, Amy Zhang and Alex Petersen; technology transactions lawyers Christopher Joslyn, Ana Razmazma, Jung Yoo and Julia Chung; antitrust lawyers Mark Ostrau and Ashley Walter; executive compensation and employee benefits lawyers Blake Martell, Marshall Mort, Taylor Cashwell and Elizabeth Chang; and tax lawyers Will Skinner and David de Ruig.