Mergers & Acquisitions
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Our M&A lawyers are among the most experienced and effective in the world. We represent many of the world's largest publicly traded and privately held companies, as well as leading private equity firms, financial advisors and other financial institutions and investors on their most important mergers, acquisitions and takeover transactions.
Mitel Networks to Acquire Mavenir Systems for $560 Million
- Client News
- March 2, 2015
As reported in The Wall Street Journal and other media outlets, Paul, Weiss client Mitel Networks Corporation announced that it had entered into a definitive merger agreement to acquire Mavenir Systems, Inc. in a cash and stock deal valued at approximately $560 million. Under the terms of the agreement, Mavenir stockholders will be entitled to elect to receive either all-cash or all-stock consideration for each share of Mavenir common stock, subject to proration, in both cases with a value of $11.08 plus 0.675 of a Mitel common share, or $17.94 based on the closing price of a Mitel common share on February 27.
Mitel is an Ottawa-based unified communications company that helps businesses connect, collaborate and take care of their customers. Headquartered in Dallas, Mavenir provides software-based mobile networking solutions that enable service providers to deliver next generation services over 4G LTE networks.
The Paul, Weiss team included, among others, corporate partners Adam Givertz and Stephen Lamb and counsel Stephen Centa and Didier Malaquin; intellectual property counsel Menachem Kaplan; tax partner Scott Sontag; environmental counsel William O'Brien; real estate partner Mitchell Berg; and regulatory counsel Richard Elliot.