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MITL

Mitel

$10.98

0.005 (0.05%)

13:01
07/10/18
07/10
13:01
07/10/18
13:01

Mitel shareholders approve acquisition by Searchlight affiliates

Mitel announced that its shareholders approved the acquisition of Mitel by an investor group led by affiliates of Searchlight Capital Partners, L.P at the special meeting of Mitel shareholders held today. Approximately 97.5% of the shares voted at the meeting were cast in favor of the resolution to approve the arrangement. Additional details regarding the voting results from the meeting will be filed on SEDAR and EDGAR. Upon closing of the arrangement, Mitel shareholders will receive $11.15 per common share in cash, less any applicable withholding taxes. The arrangement is expected to close during the second half of 2018, subject to remaining customary closing conditions, including the receipt of certain regulatory approvals and Canadian court approval.

  • 10

    Jul

MITL Mitel
$10.98

0.005 (0.05%)

02/23/18
CHLM
02/23/18
NO CHANGE
Target $14
CHLM
Buy
Mitel pullback on 'complicated' guidance a buying opportunity, says Craig-Hallum
Craig-Hallum analyst George Sutton said Mitel reported "stellar" Q4 results, but its Q1 guidance was "complicated" by the seasonality of its businesses being more pronounced than he had previously recognized. He sees the pullback as an attractive buying opportunity, contending that much of the confusion around seasonal changes should be resolved at the analyst day next week. Sutton keeps a Buy rating and $14 price target on Mitel shares.
04/11/18
NATB
04/11/18
DOWNGRADE
NATB
Sector Perform
Mitel downgraded to Sector Perform from Outperform at National Bank
National Bank downgraded Mitel to Sector Perform citing valuation.
04/11/18
04/11/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Avis Budget (CAR) downgraded to Neutral from Buy at Northcoast with analyst John Healy citing valuation. 2. Affiliated Managers (AMG) downgraded to Market Perform at Keefe Bruyette. 3. Valero (VLO) and PBF Energy (PBF) were downgraded to Sector Perform from Outperform at Scotia Howard Weil. 4. Fortinet (FTNT) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Melissa Franchi saying she favors security vendors who are exposed to markets where the cloud drives higher security spending and have optimal business models for the cloud. 5. Mitel (MITL) downgraded to Sector Perform from Outperform at National Bank with the firm citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/15/18
CHLM
05/15/18
DOWNGRADE
Target $11.15
CHLM
Hold
Mitel downgraded to Hold from Buy at Craig-Hallum
Craig-Hallum analyst George Sutton downgraded Mitel to Hold from Buy saying that given the structure of the deal in place for Searchlight, which includes debt financing of $1.38B and equity sponsor commitments of $700M, there is the potential, but in his view, limited likelihood, that this single remaining party concludes in a higher bid. The analyst also lowered his price target on the shares to $11.15 from $14.

TODAY'S FREE FLY STORIES

23:10
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23:10
General news
Asia Market Action: equities are mixed »

Asia Market Action:…

PHAS

PhaseBio

$0.00

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MSC

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$0.00

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BHGE

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$30.75

-0.09 (-0.29%)

, CJ

C&J Energy Services

$20.40

-0.12 (-0.58%)

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Recommendations
Baker Hughes, C&J Energy Services, FTS International, Halliburton, Keane Group, Nabors Industries, Nine Energy Services, Patterson-UTI, ProPetro Holding, Schlumberger, Covia , Helmerich & Payne, U.S. Silica, Weatherford analyst commentary at BofA/Merrill »

BofA/Merrill reinstating…

BHGE

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$30.75

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CJ

C&J Energy Services

$20.40

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FTSI

FTS International

$12.87

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HAL

Halliburton

$39.56

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FRAC

Keane Group

$12.50

-0.14 (-1.11%)

NBR

Nabors Industries

$6.25

-0.175 (-2.72%)

NINE

Nine Energy Services

$39.10

0.31 (0.80%)

PTEN

Patterson-UTI

$16.58

-0.37 (-2.18%)

PUMP

ProPetro Holding

$18.19

-0.315 (-1.70%)

SLB

Schlumberger

$59.24

-0.43 (-0.72%)

CVIA

Covia

$7.01

-0.57 (-7.52%)

HP

Helmerich & Payne

$68.06

-1.13 (-1.63%)

SLCA

U.S. Silica

$17.69

-1.03 (-5.50%)

WFT

Weatherford

$2.61

-0.03 (-1.14%)

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PM

Philip Morris

$84.62

1.12 (1.34%)

, DHR

Danaher

$104.95

-0.13 (-0.12%)

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Earnings
Notable companies reporting before tomorrow's open »

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PM

Philip Morris

$84.62

1.12 (1.34%)

DHR

Danaher

$104.95

-0.13 (-0.12%)

BK

BNY Mellon

$49.16

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NVS

Novartis

$85.34

-0.41 (-0.48%)

BX

Blackstone

$36.06

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BBT

BB&T

$47.73

0.64 (1.36%)

TRV

Travelers

$126.47

1.75 (1.40%)

PPG

PPG

$98.15

-0.06 (-0.06%)

KEY

KeyCorp

$18.75

0.17 (0.91%)

NUE

Nucor

$59.11

0.17 (0.29%)

TXT

Textron

$64.72

-2.01 (-3.01%)

GPC

Genuine Parts

$95.26

-1.83 (-1.88%)

DOV

Dover

$82.28

-0.95 (-1.14%)

WBC

Wabco

$103.09

-6.91 (-6.28%)

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  • 18

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  • 18

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AVMXY

Avita Medical

$0.00

(0.00%)

19:55
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19:55
Hot Stocks
Avita Medical announces first U.S. sales of Recell system »

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FRAC

Keane Group

$12.50

-0.14 (-1.11%)

19:33
10/17/18
10/17
19:33
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19:33
Initiation
Keane Group initiated at BofA/Merrill »

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  • 01

    Nov

NBR

Nabors Industries

$6.25

-0.175 (-2.72%)

19:28
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10/17
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19:28
Initiation
Nabors Industries initiated at BofA/Merrill »

Nabors Industries…

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  • 24

    Oct

NINE

Nine Energy Services

$39.10

0.31 (0.80%)

19:19
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10/17
19:19
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19:19
Initiation
Nine Energy Services initiated at BofA/Merrill »

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  • 17

    Oct

PTEN

Patterson-UTI

$16.58

-0.37 (-2.18%)

19:17
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10/17
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Initiation
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  • 25

    Oct

GSBC

Great Southern Bancorp

$52.51

0.26 (0.50%)

19:04
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Earnings
Great Southern Bancorp reports preliminary Q3 EPS $1.18, consensus $1.06 »

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  • 18

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HMNY

Helios and Matheson

$0.02

0.001 (5.18%)

18:59
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Periodicals
Breaking Periodicals news story on Helios and Matheson »

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BY

Byline Bancorp

$21.33

0.02 (0.09%)

18:51
10/17/18
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Hot Stocks
Byline Bancorp to acquire Oak Park River Forest Bankshares for $42M »

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  • 26

    Oct

ABB

ABB

$21.37

-0.115 (-0.54%)

18:48
10/17/18
10/17
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18:48
Periodicals
ABB weighs divesting $10B power grid business, Bloomberg reports »

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VEC

Vectrus

$28.98

-0.74 (-2.49%)

18:22
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10/17
18:22
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18:22
Hot Stocks
Vectrus names Kevin Boyle chief legal officer »

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S

Sprint

$6.41

-0.005 (-0.08%)

18:21
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18:21
Hot Stocks
Sprint extends credits to Florida customers impacted by Hurricane Michael »

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  • 12

    Nov

TALO

Talos Energy

$29.85

-1.49 (-4.75%)

18:05
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Hot Stocks
Talos Energy reaches pact with Hokchi to cross-assign interests »

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  • 06

    Nov

STLD

Steel Dynamics

$40.55

0.29 (0.72%)

18:05
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Hot Stocks
Steel Dynamics CEO says 'delivered a tremendous third quarter performance' »

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  • 18

    Oct

STLD

Steel Dynamics

$40.55

0.29 (0.72%)

18:02
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Hot Stocks
Steel Dynamics CEO: We believe steel consumption will continue to be strong »

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  • 18

    Oct

STLD

Steel Dynamics

$40.55

0.29 (0.72%)

18:01
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Earnings
Steel Dynamics reports Q3 adjusted EPS $1.69, consensus $1.64 »

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  • 18

    Oct

CRTO

Criteo

$23.00

-0.29 (-1.25%)

, RUBI

Rubicon Project

$3.77

-0.06 (-1.57%)

17:44
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Periodicals
Advertising technology firm DataXu exploring sale, WSJ says »

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CRTO

Criteo

$23.00

-0.29 (-1.25%)

RUBI

Rubicon Project

$3.77

-0.06 (-1.57%)

FUEL

Rocket Fuel

$0.00

(0.00%)

GOOG

Alphabet

$1,115.99

-4.12 (-0.37%)

FB

Facebook

$159.46

0.65 (0.41%)

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  • 21

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  • 03

    Mar

BTU

Peabody Energy

$36.09

-0.31 (-0.85%)

17:37
10/17/18
10/17
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10/17/18
17:37
Hot Stocks
Peabody Energy increases quarterly dividend nearly 4% to 13c per share »

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BDN

Brandywine Realty

$14.56

-0.11 (-0.75%)

17:34
10/17/18
10/17
17:34
10/17/18
17:34
Earnings
Brandywine Realty sees FY19 FFO $1.37-$1.47, consensus $1.44 »

Sees FY17 EPS 36c-46c,…

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  • 18

    Oct

BDN

Brandywine Realty

$14.56

-0.11 (-0.75%)

17:33
10/17/18
10/17
17:33
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17:33
Earnings
Brandywine Realty narrows FY18 FFO view to $1.36-$1.40 from $1.35-$1.41 »

Consensus for FY18 FFO is…

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  • 18

    Oct

BDN

Brandywine Realty

$14.56

-0.11 (-0.75%)

17:32
10/17/18
10/17
17:32
10/17/18
17:32
Earnings
Brandywine Realty reports Q3 FFO 35c, consensus 35c »

Reports Q3 revenue…

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  • 18

    Oct

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