Techopia

Mitel expects merger with Aastra to go ahead in the next week

OBJ staff
By OBJ staff

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Mitel Networks (TSX:MNW) announced Monday that it expects its merger with Aastra Technologies (TSX:AAH) to be completed around the end of the month.

The $392-million agreement, which the two companies announced in November, was designed to give the new firm a greater presence in markets around the world.

The companies said they expect the deal to close “on or about” Jan. 31.

Mitel said in a press release making the announcement that it plans to change its fiscal year end to Dec. 31.

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