Archive for July 19, 2007

Silver Lake Buys AVAYA

Posted: July 19, 2007 in Tech

Avaya has been acquired in an $8.2 billion private equity purchase by Silver Lake, an investment firm focused on large-scale investments in technology-driven growth industries, and TPG Capital, a private investment partnership.

The deal amounts to $17.50 per common share, which Avaya shareholders will receive in cash—approximately 28 percent over Avaya’s closing share price of $13.67 on May 25, when reports were published regarding a possible buyout.