Front Runners: ShoreTel (SHOR), Cleco Corporation (CNL), Vitae Pharmaceuticals (VTAE), Twitter (TWTR)

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.
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