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AVYA

Avaya

$13.01 /

+ (+0.00%)

, RNG

RingCentral

$124.00 /

+ (+0.00%)

09:43
09/12/19
09/12
09:43
09/12/19
09:43

Avaya leaning against sale, in venture talks with RingCentral, Bloomberg says

Avaya Holdings (AVYA) is in talks to form a joint venture with RingCentral (RNG) and is leaning towards abandoning plans for a full sale of the company, Bloomberg reported earlier, citing people familiar with the matter. Avaya has been exploring strategic alternatives and has held talks with private equity firms about a reverse merger, Bloomberg added, whiling noting it is still possible that the company's talks with RingCentral could fall apart. Shares of Avaya are down 11.5%, or $1.50, to $11.58 in early trading while RingCentral is up 5% to $130.35.

AVYA

Avaya

$13.01 /

+ (+0.00%)

RNG

RingCentral

$124.00 /

+ (+0.00%)

  • 13

    Nov

AVYA Avaya
$13.01 /

+ (+0.00%)

08/14/19 Morgan Stanley
Avaya price target lowered to $14 from $18.50 at Morgan Stanley
05/10/19 BWS Financial
Avaya price target lowered to $22 from $32 at BWS Financial
04/09/19 BWS Financial
Avaya could fetch up to $25 from PE buyer, says BWS Financial
03/27/19 BWS Financial
Avaya back on investor radars after buyout report, says BWS Financial
RNG RingCentral
$124.00 /

+ (+0.00%)

08/06/19
RingCentral management to meet with William Blair
08/01/19 JPMorgan
JPMorgan upgrades Five9 to Overweight, boosts target to $70 from $59
07/30/19 Craig-Hallum
RingCentral price target raised to $150 from $140 at Craig-Hallum
07/30/19 Truist
RingCentral price target raised to $163 from $140 at SunTrust

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