Mitel is dismissing claims that it is seeking to acquire fellow unified communications vendor ShoreTel, saying the purchase doesn’t make “financial sense.”
According to a report from financial news service CTFN Friday, sources predicted that Mitel and ShoreTel would begin M&A negations, with Mitel seeking to make another bid for ShoreTel. In 2014, Mitel made multiple offers to acquire ShoreTel with a high bid of $574 million, which ShoreTel ultimately declined.
