Avaya (AVYA, $11.75) is in advanced talks on potential deals to increase shareholder value
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.
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Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
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a manufacturer of business collaboration and communication products
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