Monday, November 11, 2013

Aastra to merge with Mitel

Today, it was announced that Mitel (Nasdaq:MITL) (TSX:MNW) will be merging with Aastra Technologies (AAH).

http://www.cbc.ca/news/business/mitel-buys-aastra-in-400m-telecom-merger-1.2422219

Aastra shareholders will receive $6.52USD per share in cash, plus 3.6 shares of Mitel. Since we do not identify Mitel as a valid shadow stock, we will sell our Aastra at market value today, which amounts to $31.63 per share at the time of sale, for a total gain of $1340.22 on our initial purchase of $1003.59, a gain of 134%.

This is making me wish I had actually invested instead of just following this in theory!

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