Mihaylo's pursuit of Inter-Tel is a classic case study in founder-led hostile takeover attempts and the resulting sale of a public company.
: 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 steven mihaylo buyout
As of 2026, the "buyout" context for Mihaylo focuses on his significant insider buying rather than a formal company-wide acquisition offer. Mihaylo's pursuit of Inter-Tel is a classic case
: 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. steven mihaylo buyout