ShoreTel, Inc. is a telecommunications vendor providing unified communications for business.

According to the Complaint, on July 26, 2017, ShoreTel’s Board of Directors caused the Company to enter into an agreement and plan of merger with Mitel US Holdings, Inc. (“Parent”), Shelby Acquisition Corporation (“Merger Sub”), and Mitel Networks Corporation (“Guarantor”).

On August 17, 2017, Defendants filed a Solicitation/Recommendation Statement (the “Solicitation Statement”) with the United States Securities and Exchange Commission in connection with the Proposed Transaction. The Complaint alleges the Solicitation Statement omits material information with respect to the Proposed Transaction, which renders the Solicitation Statement false and misleading.

This case was voluntarily dismissed as moot on September 26, 2017.