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TPG Capital and Silver Lake will buy Avaya for $8,2 billion
5 June 2007Investment companies TPG Capital and Silver Lake will buy networks Avaya Inc - the world leader in the field of decisions and services for construction of corporate communication for 8,2 billion dollars. According to the terms of the agreement, Avaya’s shareholders will receive 17,50 dollars per each share.
It is almost on 28 % above their price according to the tenders’ results, which were held on May, 25th, 2007 - the time before the hearings about the possible transaction, which promoted significant growth of stock quotes of the company, have appeared at the stock exchange.
During the first half-year 2006-2007, which has come to the end on March, 31st, 2007, Avaya’s net profit has grown on 17,4 % - up to 128 million dollars against 109 million dollars of the last year’s similar period. Besides the proceeds for the accounting period have grown on 6,3 % - up to 1,26 billion dollars.
Now the company is developing and building communication networks and it is the world leader in the field of the IP-telephony protected systems, software and services in the field of communications. Avaya develops appendices for voice and data convergence in information networks.
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