Deals
Avaya Agrees to Acquire RadVision for About $230 Million
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Avaya Inc., the communications-equipment maker owned by private-equity firms Silver Lake and TPG Capital, agreed to acquire RadVision Ltd., an Israeli maker of video-conferencing systems, for about $230 million.
The cash transaction at $11.85 a share represents a premium of about 57 percent over RadVision’s average closing share price during the 90 trading days ended yesterday, Tel-Aviv based RadVision said in a statement today. RadVision shares jumped 12 percent to 44.05 shekels, or the equivalent of $11.67, at the 4:30 p.m. close of trading in Tel Aviv, the highest level since December 2007.