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: Mihaylo, owning nearly 20% of the company, partnered with Vector Capital to launch a takeover bid, initially offering $22.50 per share.
Settlement Agreement among Inter-Tel, Incorporated, Steven G steven mihaylo buyout
: Mihaylo withdrew his bid in late 2006 after shareholders rejected his resolution to put the company up for sale on his terms. Inter-Tel was ultimately sold to Mitel for $723 million in 2007. 2. Crexendo, Inc. (CXDO) Insider Activity Guide : Mihaylo, owning nearly 20% of the company,
: The board rejected his offer, prompting a battle for shareholder votes. Eventually, a higher offer from Mitel Networks Corp. at $25.60 per share emerged. owning nearly 20% of the company
As of 2026, the "buyout" context for Mihaylo focuses on his significant insider buying rather than a formal company-wide acquisition offer.