Summary
Avaya, one of New Jersey's largest public telecommunications companies, is going private in a leveraged buyout valued at $8.2 billion. Shareholders of the Basking Ridge-based company approved a takeover by private-equity firms Silver Lake Partners and TPG Inc., Avaya said Friday.
Shares of Avaya closed unchanged at $16.96 on the New York Stock Exchange. The stock has risen 21 percent this year.See the full content of this document
Extract
Avaya Shareholders Approve $8.2b Buyout
Avaya, which makes Internet-based phone systems for corporate customers, agreed in...
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