Business Services Industry
TPG, Silver Lake to buy Avaya for $9.8bn.
Australasian Business Intelligence, June, 2007
Byline: Emma Connors and Renai LeMay
Jun 05, 2007 (The Australian Financial Review - ABIX via COMTEX) -- A private equity joint venture will buy a large US computer network group, Avaya. Silver Lake Partners has teamed up with TPG to buy Avaya for $US8.2 billion ($A9.8 billion). Avaya is listed on the New York Stock Exchange. In Australia, Avaya technology is used by St George Bank and the Department of Veterans' Affairs. The board of directors of Avaya has recommended that shareholders accept the offer. TPG, formerly known as Texas Pacific Group, was created in 1992.
Publication Date: 6 June 2007
AVAYA INCORPORATED
TPG CAPITAL LP
SILVER LAKE PARTNERS LP
ST GEORGE BANK LIMITED - ASX SGB
ADELAIDE BANK LIMITED - ASX ADB...
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