Thursday, July 13, 2006

Zarlink Postpones Exercise Date for Mitel Networks Shares

Zarlink Semiconductor agreed together with other rights holders to postpone the exercise date for its put rights in Mitel Networks Corporation shares from September 1, 2006 to May 1, 2007.

Zarlink said it considers the postponement to be in Zarlink's best interests by enabling an orderly IPO (initial public offering) by Mitel Networks.

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