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Technology Deals Avaya board recommends $8.2 billion buyout
Technology Deals Avaya board recommends $8.2 billion buyout | Avaya board recommends $8.2 billion buyout |
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| by Stephen Withers | |
| Tuesday, 05 June 2007 | |
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Rumours of a possible takeover emerged around two weeks ago. Avaya is a major supplier of IP telephony, contact centre and unified communications systems and services. It has alliances with many big names in the ICT industry, including AT&T, Google, HP, IBM, Microsoft, SAP, Sprint, Samsung and Unisys. Avaya's board is recommending the deal to shareholders. "In addition to delivering compelling value for our shareholders, the partnership with Silver Lake and TPG also creates clear value for Avaya employees and customers," said president and CEO Louis D'Ambrosio, Silver Lake has previously invested in Ameritrade, Business Objects, Gartner, MCI, NASDAQ, Network General, Seagate Technology and Thomson, while TPG Capital has had significant stakes in Freescale Semiconductor, Intergraph, Japan Telecom, Lenovo Group, Seagate Technology and others.{moscomment}
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