ShoreTel Pulls Secondary Offering

ShoreTel Inc. (Nasdaq: SHOR), a Sunnyvale, Calif.-based provider of IP telecom systems for enterprises, has withdrawn registration for a secondary public offering of 4.4 million common shares. All of the shares were being offered by Lehman Brothers Venture Partners, which had been looking to reduce its ownership stake from 17.8% to 7.4 percent. No explanation for the withdrawal was given.