Avaya to Acquire RADVISION (RVSN) for $11.85/Share

March 15, 2012 6:47 AM EDT
Get Alerts RVSN Hot Sheet
Trade RVSN Now!
Join SI Premium – FREE
RADVISION (Nasdaq: RVSN), has entered into a definitive merger agreement with Avaya, a global provider of business communications and collaboration systems and services. Pursuant to the merger agreement, Avaya will acquire RADVISION for cash of $11.85 per share and RADVISION will become a wholly-owned subsidiary of Avaya. The transaction is valued at approximately $230 million. The cash per share represents a premium of approximately 57% over the Company's average closing share price during the 90 trading days ended March 14, 2012. The payment will be made to RADVISION shareholders at the time of the closing, without interest and less applicable withholding tax.

Jefferies & Company, Inc. served as RADVISION's exclusive financial advisor, and Goldfarb Seligman & Co. and Carter Ledyard & Milburn LLP served as RADVISION's legal counsels. Sidley Austin LLP and Meitar Liquornik Geva & Leshem Brandwein served as Avaya's legal counsels.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Mergers and Acquisitions

Related Entities

Jefferies & Co

Add Your Comment