Avaya’s Enterprise Deal Clears Hurdles

By Mark Evans | Published: November 12, 2009

The closing of Avaya’s purchase of Nortel’s enterprise business took a huge step forward yesterday when it was granted granted early termination of the antitrust waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

Avaya also received regulatory clearance for the proposed deal from the Canadian Competition Bureau. The Competition Bureau issued a no action letter, which suggests it does not have grounds to challenge the proposed transaction under the Competition Act.

Avaya expects to close the acquisition next month.

Source: press release

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  • Zhacknightmare

    HP Just bougt 3Com for 3.1BN, WTF.

    How did they not buy Nortel… for not much more they would have got the lot, giving them time to spin off the carrier bits when the market improved.

    Strangler & Z messed up again… the Shareholders lose…

  • random123

    Are you saying they 'messed up' because HP didn't buy Nortel Enterprise?
    How can that make sense? It's on offer, and HP has to want to buy it. It's not like Nortel can control who wants it. It is what it is.

    'Shareholders lose' EH? Shareholders lost already, they are getting nothing regardless of deals done. Do you mean the creditors?

  • Zhacknightmare

    Strangler and Z messed up because a sale to HP could have been brokered before Nortel went C11. Thats the problem when you have second rate Ops guys running a company.

    Z messed the sale up the same way he messed up the approach to the Canadian Govt for a bail out.

    Why would anyone by 3Com over NT. Maybe Z's ego turned off HP.

    You really don't get it Random, 3Com shares shot up today as would have Nortels.

  • Zhacknightmare

    Strangler and Z messed up because a sale to HP could have been brokered before Nortel went C11. Thats the problem when you have second rate Ops guys running a company.

    Z messed the sale up the same way he messed up the approach to the Canadian Govt for a bail out.

    Why would anyone by 3Com over NT. Maybe Z's ego turned off HP.

    You really don't get it Random, 3Com shares shot up today as would have Nortels.

  • PM_Guy

    The closing date for the Enterprise sale to Avaya has been delayed from Dec 4th unitl Dec 18th.

  • PM_Guy

    The closing date for the Enterprise sale to Avaya has been delayed from Dec 4th unitl Dec 18th.

  • random123

    You are right , I don't get it… sorry!

    When were HP ever interested in buying Nortel Enterprise?
    Cisco and Microsoft also weren't interested in buying it. So how is this any different?

    If HP wanted to buy it, and then these Nortel guys didn something to change their minds, then I'd understand your point.

  • Zhacknightmare

    Thats what happens when companies buy other companies, the shares go up;

    “Late Wednesday, Hewlett-Packard /quotes/comstock/13*!hpq/quotes/nls/hpq (HPQ 49.88, -0.12, -0.24%) announced the deal, valuing 3Com /quotes/comstock/15*!coms/quotes/nls/coms (COMS 7.48, +1.79, +31.46%) at $7.90 a share, to add a storied tech franchise to its arsenal and taking direct aim at Cisco Systems Inc.”

    Up 31% today. HP were in the picture for Nortel at one stage.

  • zeroman

    NT was a much better deal than 3Com. 3Com is almost a nobody in enterprise.

  • zeroman

    there was so much hype from Morin and co that there were several interested parties. kind of sucks to only see one bid and no others except rumors.

  • jchambers99

    One step closer to another AVAYA aquistion disaster. Quite ubiquitous really if you pardon the pun.

  • felixmk

    Morin is a master spin doctor but this is something he cannot spin. The market will determine what MEN is worth at the auction. No amount of PR or other crap is going change things. Its time to get real and I am sure it makes Morin uncomfortable.

  • felixmk

    Nortel shares are worthless as you point out.

  • zeroman

    wonder who will survive then as both Ciena and NT. too many managers.

  • freqmgr

    Well….we know that Hack will survive! Got to maintain that top tier leadership!

  • less

    Hackney has his own anthem.

    http://www.youtube.com/watch?v=ZclddLcOYYA

  • regionalvpofasslickers

    Hey, I heard many of the regional VP's are going to a new company where they needed to be many years ago —> HELL, INC. Hey, goto “HELL” and do not pass GO!

  • regionalvpofasslickers
  • regionalvpofasslickers

    Peter says to sell them for a profit!

  • techorama

    So I hear the deal is for all employees who make the switch over that Avaya will pay out full severances. Which means that everyone will have received a full legal severance except anybody laid off between January and October 2009, and they are unsecured creditors.

    There is something fundamentally unfair about the handling of severances through this fiasco.

  • joelh123

    Mike Z just called and said to buy NORTEL!!!!!!!

  • joelh123

    Mike Z just called and said to buy NORTEL!!!!!!!

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