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Listed Techs Avaya shareholders back private equity proposal
Listed Techs Avaya shareholders back private equity proposal | Avaya shareholders back private equity proposal |
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| by Stephen Withers | |
| Tuesday, 02 October 2007 | |
  
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The agreement values Avaya at $US8.2 billion. Shareholders will be paid $US17.50 cash per share. Avaya shares closed at $US16.99 on Monday, and fell to $16.96 in after-hours trading. Other companies in Silver Lake's portfolio include Avago (formed from Agilent's semiconductor division), industry analyst firm Gartner, Network General (McAfee's former Sniffer business), drive manufacturer Seagate, and media and entertainment technology company Thomson. TPG is also an investor in Seagate. In other news, Silver Lake Partners and ValueAct Capital Partners have dropped their bid for customer and information management specialist Acxiom. |
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