Mitel Networks Inc.

09:53 AM EST - Mitel Networks Inc. : Announced that its Board of Directors has authorized a share buyback program. In a filing with the Toronto Stock Exchange, the TSX has accepted the company’s Notice of Intention to Make a Normal Course Issuer Bid. Pursuant to the Notice, Mitel may purchase up to 6,006,761 Mitel Common Shares, representing approximately 5% of its issued and outstanding common shares. Mitel Networks Inc.
shares T.MNW are trading up $0.32 at $10.63.