Mitel Avaya Merger on Tap

Permalink Submitted by nealshact on Tue, 08/20/2019 – 14:43 Speculation regarding Mitel’s interest first came up four months ago, in a report published in The Wall Street Journal that Avaya and Mitel were discussing a merger. At the time, which followed Chirico’s earlier acknowledgment that Avaya had engaged J.P. Morgan to evaluate options for how to best maximize shareholder value, he proposal had the potential transaction — a stock deal — valued at about $2 billion, or about $20 to $22 a share. See All in Unified Communications & Collaboration » During Avaya’s third-quarter 2019 earnings call last week, Avaya CEO Jim Chirico shared that the company expects to finalize its next-step strategic plan “within the next 30 days.” Now a week later, word has resurfaced that Mitel is an interested buyer.” Avaya Continues Mulling Next-Step Options Beth Schultz September 12, 2019 In a brief update, company said strategic alternative review process continues, gave no indication of new expectations for wrapping it up. Avaya Still on the Block, Resolution May Come Soon Beth Schultz August 14, 2019 As the company plugs away on cloud sales, CEO Jim Chirico looks to wrap up its review of strategic alternatives in the next 30 days. Watch this space for additional coverage on what an Avaya-Mitel merger would mean for the industry, including the contact center market.Tags:News & ViewsMitelAvayaM&AUnified Communications & CollaborationIndustry NewsNews & Views Articles You Might Like Tick, Tock, the Clock Is Running for Avaya Zeus Kerravala September 06, 2019 Lots of speculation surrounds Avaya’s future, but mum’s still the word on a final decision. Comments Log in or register to post comments Best of Breed vs. Suites: Becoming Moot Point in UC Sorell Slaymaker July 24, 2019 Legacy enterprises must stop ignoring the fact that the future of communications software is embedded in applications. According to Bloomberg’s sources, the deal Mitel has carved out would place one-third ownership in the hands of its investors. The combined company would be publicly traded, one source told Bloomberg, and Mitel’s private equity owner Searchlight Capital “expects synergies of at least $250 million a year from the deal.” I thought this would happen Avaya-Mitel.jpg Bloomberg yesterday reported, citing information gleaned from “people with knowledge of the matter,” that Mitel has submitted an offer for Avaya that “it believes would value the combined business at more than $20 per share.” The purchase, should it become a reality, could create a single entity worth more than $5 billion, including debt, Bloomberg reported. Justifying Workspace Applications: Time to Up the Game Marty Parker September 10, 2019 Communication technology vendors and their value-adding partners must take the lead in defining business justifications for their collaboration and workspace applications. I thought this would happen when I wrote, Is Avaya in Mitel’s Cross Hairs? back in December, 2016. https://www.linkedin.com/pulse/avaya-mitels-cross-hairs-neal-shact/ Log in or register to post comments read more