Tuesday, June 05, 2007

Avaya Deal Is Set in Latest Telecom Buyout - WSJ.com

I guess it's not a rumored deal anymore :)... 

Silver Lake and TPG's TPG Capital LLC last night agreed to purchase telecommunications-equipment company Avaya Inc. for about $8.2 billion, marking the second big buyout in the telecom industry in two weeks.

The victory of private-equity buyers underscores the continued market power of buyout shops, which are able to trump strategic buyers on deals by using cheap debt and reducing their investment-return thresholds.

This still seems a bit "irrational exuberance" mode to me somehow...

Avaya Deal Is Set in Latest Telecom Buyout - WSJ.com

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