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Mitel Networks Corporation

10:50 AM EST - Mitel Networks Corporation : Has signed a definitive arrangement agreement to be acquired by an investor group led by affiliates of Searchlight Capital Partners, L.P. in an all-cash transaction valued at approximately $2.0 billion, including Mitel’s net debt. Under the terms of the agreement, to be completed pursuant to a plan of arrangement, upon completion Mitel shareholders will receive $11.15 per common share in cash. Mitel Networks Corporation shares T.MNW are trading up $1.34 at $14.38.