Front Runners: ShoreTel (SHOR), Cleco Corporation (CNL), Vitae Pharmaceuticals (VTAE), Twitter (TWTR)
October 20, 2014 at 13:26 PM EDT
ShoreTel (SHOR) rose more than 19% to $7.75 in midday trading Monday after rejecting an offer by Mitel Networks Corp. (MITL) to acquire the company for about $540 million, or $8.10 per share in cash. The offer represents a 24% premium to ShoreTel’s closing pps from Friday, and a 30% premium to ShoreTel’s enterprise value. […] View the full post at: Front Runners: ShoreTel (SHOR), Cleco Corporation (CNL), Vitae Pharmaceuticals (VTAE), Twitter (TWTR) No related posts.