Avaya provides update on strategic review of alternatives
Avaya provided an update regarding its review of strategic alternatives announced earlier this year. Avaya had previously disclosed its expectation that this process would be concluded by mid-September. Avaya confirmed that its review of a range of strategic alternatives is ongoing and it remains in advanced discussions. Avaya's board of directors and management, supported by its legal and financial advisors, are working to conclude the review. There can be no assurances regarding the timing of any action or transaction nor that the strategic review process will result in any particular outcome. The company does not intend to provide additional updates unless or until it determines that further disclosure is necessary.