Avaya to be sold for $8.2 billion
531068
(InfoWorld) - Network equipment manufacturer Avaya Inc. late Monday agreed to a $8.2 billion cash buyout by private equity firms TPG Capital LLP and Silver Lake Partners, the companies announced. This latest acquisition continues a recent trend of networking and telecommunications firms being bought by private equity firms. In late May, TPG and Goldman Sachs Group Inc.'s private equity arm bought mobile service provider Alltel Corp. for $27.5 billion. Bell Canada Ltd. remains a takeover target of a potential bid by Cerberus Capital Management LP. The Basking Ridge, New Jersey company's board of directors have accepted a $17.50 per share offer, which must still be approved by Avaya shareholders. The offer places a premium of around 28 percent on the firm's value over Avaya's May 25 closing price of $13.67, the last day beforeÂ rumors begun to circulateÂ that the company would likely be acquired. The deal is expected to close in the fall of this year, the companies said. The agreement allows Avaya to actively encourage bids for the company from other third parties over the next 50 days. Avaya's relatively high cash flow and low debt made it a target to go private. Along with TPG and Silver Lake, Nortel Networks Corp. was also pursuing the former AT&T telecom equipment maker. Â
738570
Wachovia Corp.  on Thursday said it would buy A.G. Edwards Inc.  for about $6.8 billion in cash and stock to create the second-largest retail brokerage in the United States.
723789
Avaya Inc. AV.N, a  telecommunications equipment supplier, on Tuesday said it would  buy Tenovis GmbH & Co. of Germany from private equity firm  Kohlberg Kravis Roberts & Co. for $370 million to expand its  presence in Europe.
688712
United Technologies said Thursday that it had agreed to buy the British fire-safety company Kidde for $2.8 billion, ending months of negotiations.
766978
The Justice Department approved AT&Tâs $2.8 billion purchase of Dobson Communications but will require the company to divest some assets to preserve competition.
364968
Shares jump as tongues wag over possible buy-out Avaya has seen its shares rocket by more than 15 per cent amidst speculative reports that a takeover bid for the network firm is imminent.â¦
504615
Venezuelaâs government agreed to buy the stake held by Verizon Communications in CompaÃ±Ã­a AnÃ³nima Nacional TelÃ©fonos de Venezuela for $572 million.
752603
Equipment maker ADC Telecommunications  Inc said on Wednesday it had agreed to buy Andrew Corp in an  all-stock deal worth about &#36;2 billion, which will bolster its  position in the wireless equipment industry.
680188
Avaya (Quote, Chart), a communications software, systems and services company, has announced a new Internet Protocol-based video-conferencing offering for businesses.
740107
Avaya, a telecommunications equipment supplier, on Tuesday said it would buy Tenovis of Germany from private equity firm Kohlberg Kravis Roberts for $370 million in cash to expand its presence in Europe.
440581
InfoWorld - An acquisition of Avaya by Nortel might help the buyer expand its enterprise telephony business and pare down a crowded industry, but the deal could be tough for customers.
188632
By Bob Mims, The Salt Lake Tribune  Dec. 13--Micron Technology on Tuesday announced it will pay $53 million  to acquire Avago Technologies' image sensor business.
380061
Business communications software provider Avaya Inc. said Tuesday that it agreed to purchase Tenovis GmbH &amp; Co., a German provider of voice and data communications systems for European small and mid-sized business customers, from affiliates of Kohlberg Kravis Roberts &amp; Co.
459152
Avaya Inc.  said on Monday it  agreed to be acquired by private equity firms TPG Capital and  Silver Lake for $8.2 billion, the latest in a string of deals  in the telecommunications-equipment industry.
697044
Avaya Inc. AV.N, a  telecommunications equipment supplier, on Tuesday said it would  buy Tenovis GmbH & Co. of Germany from private equity firm  Kohlberg Kravis Roberts & Co. for $370 million in cash to  expand its presence in Europe.
554359
Aether Systems Inc., a Maryland wireless data company that is selling off its operating units, said yesterday it received a &#36;30 million offer for a division it had already agreed to sell to another buyer for &#36;25 million.
612280
Aon Corp , one of the world's largest insurance brokers, said on Monday it has agreed to sell two units for about $2.75 billion and will devote the proceeds of the deal to a share buyback.