Sapo opens laboratory at the University of Aveiro

Avaya passes into the hands of two private funds for $ 8.2 billion

Sapo opens laboratory at the University of Aveiro

Avaya announced a merger agreement with Silver Lake and TPG Capital in a deal valued at $ 8.2 billion. With the operation, the two private funds now control the entire capital of the company implementing corporate communications networks.

Under the terms of the agreement signed by the companies, Avaya shareholders will receive $ 17.5 per share, which guarantees a premium of 28 percent compared to the company’s share price the day before the announcement of the potential deal, on May 25th.

The transaction is expected to be completed this autumn, the companies said in a statement, adding that before that Avaya has the next fifty days to analyze any alternative proposals that are presented to it.

Avaya is one of Cisco’s major competitors in the computer communications network market and with the business guarantees the reinforcement of the investment capacity in that market.

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