Monday, June 4, 2007

UPDATE 4-Avaya says in $8.2 bln deal with TPG, Silver Lake

(Reuters) - Avaya shareholders will receive $17.50 in cash per share, a
premium of about 28 percent to its closing share price on May
25, when reports about a possible deal began to circulate.




Shares of Avaya closed up nearly 4 percent at $16.72 in New
York Stock Exchange trade on Monday prior to the official
announcement of the deal.


Read more at Reuters.com Mergers News

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