(Reuters) - NEW YORK, June 4 - Private equity firms TPG Capital LLP and Silver Lake Partners are in a leading position to buy telecommunications equipment company Avaya Inc. for about $17 per share, The Wall Street Journal reported in its online edition on Monday.
The offer would represent a 6 percent premium over Avaya's Friday close of $16.08. Amid buyout speculation, the company's stock had jumped 15 percent last week to its highest level since 2005. The deal could break down, or Avaya could fall into the hands of another suitor, such as Canada's Nortel Networks Corp. , the Journal reported, citing people familiar with the matter.
Read more at Reuters.com Mergers News
The offer would represent a 6 percent premium over Avaya's Friday close of $16.08. Amid buyout speculation, the company's stock had jumped 15 percent last week to its highest level since 2005. The deal could break down, or Avaya could fall into the hands of another suitor, such as Canada's Nortel Networks Corp. , the Journal reported, citing people familiar with the matter.
Read more at Reuters.com Mergers News
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