IP telephony equipment provider Avaya has agreed to a buy-out offer worth USD 8.2 billion from Silver Lake Partners and Texas Pacific Group. The bid from the private equity firms values Avaya at USD 17.50 per share, a premium of 28 percent over the company’s share price on 25 May, when news of a possible takeover first broke. The transaction is expected to be completed in the autumn of 2007, subject to shareholder and regulatory approval. Equity and debt financing commitments for the merger consideration have been received.
Wireless Federation » Avaya agrees to USD 8.2 bln buy-out offer
Avaya agrees to USD 8.2 bln buy-out offer
- June 5th, 2007
- 9:45 am
