Avaya Provides Update on Strategic Alternatives Review Process
September 12 2019 - 8:00AM
Business Wire
Avaya Holdings Corp. (NYSE: AVYA), a global leader in solutions
to enhance and simplify communications and collaboration, today
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 today 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 expeditiously to conclude the
deliberate and comprehensive 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.
About Avaya
Businesses are built on the experiences they provide, and every
day millions of those experiences are built by Avaya (NYSE: AVYA).
For over one hundred years, we’ve enabled organizations around the
globe to win - by creating intelligent communications experiences
for customers and employees. Avaya builds open, converged and
innovative solutions to enhance and simplify communications and
collaboration - in the cloud, on-premise or a hybrid of both. To
grow your business, we’re committed to innovation, partnership, and
a relentless focus on what’s next. We’re the technology company you
trust to help you deliver Experiences that Matter. Visit us at
www.avaya.com.
Cautionary Note Regarding Forward-Looking Statements
This document contains certain "forward-looking statements." All
statements other than statements of historical fact are
“forward-looking” statements for purposes of the U.S. federal and
state securities laws. These statements may be identified by the
use of forward looking terminology such as "anticipate," "believe,"
"continue," "could," "estimate," "expect," "intend," "may,"
"might," "our vision," "plan," "potential," "preliminary,"
"predict," "should," "will," or "would" or the negative thereof or
other variations thereof or comparable terminology and include, but
are not limited to, statements about the Board's exploration of
strategic alternatives. The Company has based these forward-looking
statements on its current expectations, assumptions, estimates and
projections. While the Company believes these expectations,
assumptions, estimates and projections are reasonable, such
forward-looking statements are only predictions and involve known
and unknown risks and uncertainties, many of which are beyond its
control. Risks and uncertainties that may cause these
forward-looking statements to be inaccurate include, among others:
the potential impact of the announcement that the Board is
continuing to explore strategic alternatives on the Company's
current or potential customers, partners or personnel; the cost of
such exploration and the disruption it may have on the Company's
operations, including diverting the attention of the Company's
management and employees; and other risks discussed in the
Company's Annual Report on Form 10-K and subsequent Quarterly
Reports on Form 10-Q filed with the Securities and Exchange
Commission (the "SEC"). These risks and uncertainties may cause the
Company's actual results, performance or achievements to differ
materially from any future results, performance or achievements
expressed or implied by these forward-looking statements. For a
further list and description of such risks and uncertainties,
please refer to the Company’s filings with the SEC that are
available at www.sec.gov. The Company cautions you that the list of
important factors included in the Company’s SEC filings may not
contain all of the material factors that are important to you. In
addition, in light of these risks and uncertainties, the matters
referred to in the forward-looking statements contained in this
report may not in fact occur. The Company undertakes no obligation
to publicly update or revise any forward-looking statement as a
result of new information, future events or otherwise, except as
otherwise required by law.
Source: Avaya Newsroom
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version on businesswire.com: https://www.businesswire.com/news/home/20190912005313/en/
Avaya Media Inquiries: Forrest Monroy 669-242-8122
fwmonroy@avaya.com
Avaya Investor Inquiries: Michael McCarthy
919-425-8330 mikemccarthy@avaya.com
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