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Private equity firms TPG Capital and Silver Lake planning to sell Avaya to Cisco for $30 a share?
Karen Zuba
Jun. 5, 2007
That could be a fast exit with sixty percent profit. Avaya Inc. said it agreed to be acquired by private equity firms TPG Capital and Silver Lake for $8.2 billion, the latest in a string of deals in the telecommunications-equipment industry.
Some analysts are already saying that the private equity firm plans to sell the small telecommunications-equipment manufacturer to larger dominant player Cisco systems.
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