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Avaya sets date for merger vote
By Lisa Kerner
Charlotte, N.C., Aug. 15 - Avaya, Inc. has set Sept. 28 as the date for its special stockholders meeting, which will begin at 9 a.m. ET in Wilmington, Del.
Shareholders will vote on the June 4 merger agreement with Sierra Holdings Corp., an affiliate of Silver Lake Partners III, LP and TPG Partners V, LP.
Under the agreement, Avaya will be acquired by the private investment companies for $17.50 in cash per share of common stock. The $8.2 billion transaction is expected to close in the fall, according to a company news release.
Avaya is a Basking Ridge, N.J.-based provider of communication systems, applications and services.
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