Avaya after said that it was in advanced talks with several parties on potential deals to boost value for shareholders.
The technology/communications company’s president and CEO Jim Chirico indicated that it is in the process of assessing, with J.P. Morgan, strategic-alternatives and that it is in advanced discussions with multiple parties on various transactions intended to optimize shareholder value.
In March, Reuters reported that Avaya was considering a $5 billion buyout offer from a private-equity firm, which wasn't identified.
In its latest quarterly results, Avaya’s revenue of $720 million surpassed the $716 million estimated by analysts polled by FactSet.
a manufacturer of business collaboration and communication products
Industry PackagedSoftware