Harwood Feffer LLP Announces Investigation of Proposed Buyout of ShoreTel, Inc.

NEW YORK, July 27, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of ShoreTel, Inc.  ("ShoreTel" or the "Company") (NASDAQ GS: SHOR) concerning the agreement to be acquired by Mitel Networks Corporation ("Mitel").

Under the terms of the agreement, Mitel would acquire ShorTel in a transaction valued at approximately $430 million.  Pursuant to the deal, ShoreTel stockholders will receive $7.50 in cash per share.  At least one analyst has price target of $11.00 per share.

Our investigation concerns whether the ShoreTel board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders. 

If you own ShoreTel shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Daniella Quitt, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212) 935-7400
Email: dquitt@hfesq.com 
Website: http://www.hfesq.com 
Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

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SOURCE Harwood Feffer LLP