Mitel CEO Says He Might Up Bid for ShoreTel


Story by Jeffrey Burt

Richard McBee tells Bloomberg that some ShoreTel shareholders support Mitel’s efforts and that he may consider a hostile offer for the UC company.

Mitel officials reportedly will consider upping the price of its bid for fellow unified communications vendor ShoreTel, whose board of directors late last month rejected an initial $540 million offer, calling it “inadequate” and “opportunistic.” In a report in Bloomberg News, Mitel CEO Richard McBee also said that should ShoreTel executives decline to accept the offer by the Nov. 20 deadline, he also might consider a hostile bid by urging ShoreTel shareholders to force the directors to agree to the bid.


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