Avaya Holdings Corp AVYA:NYSE

Last Price$12.52NYSE Previous Close - Last Trade as of 6:30PM ET 8/16/19
NYSE 15-minute delayed Bid/Ask Quotes
Today's Change0(0.00%)
Bid (Size)$11.11 (1)
Ask (Size)$12.55 (1)
Day Low / HighN/A - N/A
Volume5.3 K

Stock Move: Avaya Soars 34% After Company Said to be Mulling Leveraged Buyout Deal

1:16PM ET 3/25/2019 MT Newswires
Avaya Holdings (AVYA) is mulling a leveraged buyout offer from a private equity firm that values the telecommunications equipment and software vendor at more than $20 per share or more than $5 billion, including debt, Reuters reported, citing sources. Shares of Avaya advanced more than 34% intraday.

The company became an acquisition target after emerging from bankruptcy protection 15 months ago and as of December 2018 had $3.2 billion in debt. The identity of the buyout firm was not immediately clear and it was uncertain whether the offer would lead to a deal, Reuters said.

Avaya declined to comment on the report.

Price: 17.88, Change: +4.67, Percent Change: +35.35