Avaya (AV) Buyout

bigmike said: "What does everyone think of the Avaya buyout? Which company do you think will actually get the company Nortel, Cisco, or Silver Lake Partners."

Darghan said: "Silver Lake? :) [url]http://www.bloomberg.com/apps/news?pid=20601087&sid=auTbQgdCmA5Y&refer=home[/url] Question: I own stock in AV .. as a shareholder, what do I need to do? Do I need to set a sell order, or will my shares get sold when buyout occurs and I'll get the cash in my account? Thanks! Darghan"

Rbreb13 said: "You don't need to do anything. Unless you want to sell and take a profit now rather than wait out the dead money."

thezster said: "When a company is bought out - the existing shares are converted into shares of the company doing the buying - typically... unless they make other arrangements. You have to do nothing - the conversion is automatic."

Darghan said: "Thanks for the replies! Appreciate it!"

bigmike said: "Well. At 10:15 last night it was announced that Silver Lake is going to buy Avaya out at $17.50 per share. Avaya President and Chief Executive Louis J. D'AmbrosioIn said that in "addition to delivering compelling value for our shareholders, the partnership with Silver Lake and TPG also creates clear value for Avaya employees and customers". I think this is a great partnership for Avaya and Silver Lake and TPG because I think most of the people that are employed at the moment will be able to keep their jobs and I also think that they will keep most of the Executives that they have at the moment to keep Avaya's strategy and outlook rolling. I think this because Silver Lake co-founder and Managing Director David Roux said, "We have full confidence in Avaya's excellent management to build on the company's remarkable technology and history". [URL="http://news.moneycentral.msn.com/ticker/article.aspx?Feed=AP&Date=20070605&ID=6965540&Symbol=AV"]http://news.moneycentral.msn.com/ticker/article.aspx?Feed=AP&Date=20070605&ID=6965540&Symbol=AV[/URL]"