OTTAWA, Ontario, Canada and TEMPE, AZ, USA – August 16, 2007 – Mitel Networks Corporation and Inter-Tel (Delaware), Incorporated (NASDAQ: INTL) today announced the completion of their merger. As a result of the merger, Inter-Tel is now a wholly-owned subsidiary of Mitel and Inter-Tel stockholders will receive $25.60 in cash for each Inter-Tel share they held prior to the closing.
Below is a list of Frequently Asked Questions of Stock holders of record.
FAQs
1. What happens to my ownership of Inter-Tel stock now that the merger with Mitel has been completed?
As a result of the merger, each share of common stock, par value $0.001, of Inter-Tel (Delaware), Inc.was converted into the right to receive $25.60 in cash, without interest (the “Merger Consideration”).
2. If I have an Inter-Tel stock certificate what should I do to receive my portion of the Merger Consideration?
Mitel has retained Mellon Investor Services as the paying agent to distribute the merger consideration to all stockholders. Mellon Investor Services will send you instructions on how to turn in your stock certificates to receive the Merger Consideration. Do not send your stock certificates to Inter-Tel or Mitel.
3. If I hold Inter-Tel stock in an account with my broker what should I do to receive my portion of the Merger Consideration?
Your broker will handle the surrender of such shares for you so that you receive the Merger Consideration. Please contact your broker directly for details.
4. If I lost my stock certificate what do I do?
The information sent by Mellon Investor Services will contain instructions on what to do if you lost your stock certificate.
5. How do I contact Mellon Investor Services if I have questions?
You can contact Mellon as follows:
By telephone: 9 a.m. to 6 p.m., New York time, Monday through Friday, except for bank holidays:
From within the U.S., Canada or Puerto Rico
1-800-777-3674 (Toll Free)
