Avaya: For Sale?
Andrew Ross Sorkin and Michael J. de la Merced write in The New York Times:
The telecommunications company Avaya is in negotiations to sell a part or all of itself, in what may be the latest round of deal making in its industry, executives briefed on the negotiations said last night.More here.
The company, based in Basking Ridge, N.J. and valued at $6.1 billion, has retained the investment bank Credit Suisse as an adviser, the executives said. Among those interested are two rivals — Cisco Systems and Nortel Networks — and the equity buyout firm Silver Lake Partners.
The executives cautioned last night that negotiations were in the early stage and that the company could still remain independent.
A spokeswoman for Avaya did not return a telephone call or an e-mail message seeking a comment.
posted by Fergie @ 5/28/2007 09:49:00 PM
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