Northland Capital Markets Downgrades ShoreTel (SHOR) to Market Perform Following Acquisition
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/15/2026
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
- BOJ eyeing September rate hike, faster pace of tightening, sources say
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- SanDisk upgraded at JPMorgan after investor day; shares climb
- Micron: New Street upgrades to buy, says memory is no longer a cyclical story
Lake Street Capital Markets Downgrades ShoreTel (SHOR) to Hold Following Acquisition
July 31, 2017 9:25 AM EDTLake Street Capital Markets downgraded ShoreTel (NASDAQ: SHOR) from Buy to Hold with a price target of $7.50.
For an analyst ratings summary and ratings history on ShoreTel click here. For more ratings news on ShoreTel click here.
Shares of ShoreTel closed at $7.50 Friday.
... MoreWilliam Blair Downgrades ShoreTel (SHOR) to Market Perform Amid Takeover
July 27, 2017 1:54 PM EDTWilliam Blair downgraded ShoreTel (NASDAQ: SHOR) from Outperform to Market Perform after the company agreed to be acquired by Mitel for $7.50/share.
The transaction is expected to close in third quarter 2017.
For an analyst ratings summary and ratings history on... More
Mitel Networks (MITL) to acquire ShoreTel (SHOR) for $7.50/Share
July 27, 2017 6:31 AM EDTMitel (Nasdaq: MITL) and ShoreTel (Nasdaq: SHOR) today announced that they have entered into a definitive merger agreement pursuant to which Mitel will acquire 100% of the outstanding shares of ShoreTel common stock in an all-cash transaction at a price of $7.50 per share, or a total equity value of approximately $530 million and a total enterprise value of approximately $430 million. The purchase price represents a 28% premium to ShoreTels closing share price on July 26,... More
