Bloomberg said the companies have had "on-and-off discussions" about a potential deal since April. It said Mitel submitted an offer for Avaya "it believes would value the combined business at more than $20 per share."
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price: 12.60, Change: +0.19, Percent Change: +1.49
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