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

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.

OBJ360 (Sponsored)

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

Get our email newsletters

Get up-to-date news about the companies, people and issues that impact businesses in Ottawa and beyond.

By signing up you agree to our Terms of Use and Privacy Policy. You may unsubscribe at any time.