Avaya Up For Sale?

Greg Galitzine : Greg Galitzine's VoIP Authority Blog
Greg Galitzine

Avaya Up For Sale?

Looks like Avaya is on the block.
 
The Wall Street Journal is reporting that Avaya has been in talks with private equity firm Silver Lake about a leveraged buyout, and had also held talks with rival Nortel about a possible deal.
 
Meanwhile, The New York Times cited executives close to the deal as saying that Avaya has retained the investment bank Credit Suisse as an adviser. The execs also told the Times that Cisco might also be interested in the Basking Ridge, New Jersey-based company.
 
As of 11:20 am, Avaya stock was up $1.95 or 14.25% to $15.61 per share.

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