Ticker	Volume	Price	Price Delta
DJIA	12,419.90	-160.83	-1.28%
S&P 500	1,313.32	-19.10	-1.43%
Nasdaq	2,837.36	-33.63	-1.17%

Ticker	Volume	Price	Price Delta
STOXX 50	2,132.40	+16.22	0.77%
FTSE 100	5,344.06	+46.78	0.88%
DAX	6,307.11	+26.31	0.42%

Ticker	Volume	Price	Price Delta
Nikkei	8,542.73	-90.46	-1.05%
TOPIX	719.49	-4.13	-0.57%
Hang Seng	18,629.50	-60.70	-0.32%

RadVision Jumps in Tel Aviv After Avaya Stake Buy Reports

By Shoshanna Solomon and Tal Barak Harif - 2011-12-14T15:11:14Z

RadVision Ltd. (RVSN), the Israeli maker of video-conferencing systems, jumped to an eight-month high in Tel Aviv after Globes and TheMarker reported that Avaya Inc. is in talks to buy the company for a premium.

RadVision jumped 18 percent to 37.01 shekels, or the equivalent of $9.72, the highest level since April 3, at the 4:30 p.m. close in Tel Aviv. The U.S. traded shares surged 15 percent yesterday to $9.72.

Avaya, a phone-equipment maker owned by private-equity firms Silver Lake and TPG Capital, is close to completing the acquisition of RadVision for $300 million, or $16.17 a share, TheMarker reported yesterday, without saying how it obtained the information. Globes said yesterday the company is in talks to be bought for $200 million, without citing anyone.

Deb Kline, an Avaya spokeswoman, declined to comment on the reports when contacted by Bloomberg. RadVision said it wouldn’t comment on the report in a statement read over the phone.

To contact the reporters on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net; Tal Barak Harif in New York at tbarak@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net