12:52 pm Mavenir Systems (MVNR)
Mavenir Systems (MVNR), which is a pure play on the migration to 4G LTE, is rallying 15% today after agreeing to be acquired by Mitel (MITL) for $560 million. MVNR shareholders will be entitled to elect to receive either all-cash or all-stock consideration for each share. In either case, it's a value of $11.08 plus 0.675 of a Mitel common share, or $17.94 in cash.
Mavenir Systems is a bit difficult to understand, but basically they are a play on two trends: 1) the migration of mobile networks from 2G/3G to 4G LTE and 2) the desire for carriers …More