Tuesday, May 15, 2007

Inter-Tel says Vector Capital bids $26.50/shr

(Reuters) - But Inter-Tel said its special committee had determined that Vector Capital's bid was reasonably likely to lead to a superior proposal.

Inter-Tel said it has notified Mitel of its special committee's decision and that it intends to engage in talks with Vector Capital.


Read more at Reuters.com Mergers News

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