Mitel Completes Merger With Aastra Technologies

By RTT News, 
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(RTTNews.com) - Mitel Networks Corp. (MITL, MNW.TO) said Friday that it has completed its merger with Aastra Technologies Ltd.

Under the terms of the Arrangement, announced in november, shareholders of Aastra received US$6.52 in cash plus 3.6 common shares of Mitel for each Aastra common share held. The total amount of cash paid by Mitel was about US$80.0 million and the number of Mitel Shares issued was 44,162,509.

Mitel financed the cash consideration of the deal from cash on hand and from a portion of the proceeds from a new $405 million credit facility.

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