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Avaya gets court approval to acquire Nortel assets
Posted: 17-Sep-2009 [Source: Avaya]

[U.S. and Canadian courts approve Avaya's acquisition of Nortel's Enterprise Solutions business in North America, the Caribbean and Latin America and Asia.]

Basking Ridge, NJ -- Avaya announces that its agreement with Nortel for the acquisition of Nortel's Enterprise Solutions business in North America, the Caribbean and Latin America and Asia has been approved by courts in Canada and the United States. As previously announced Avaya has entered into a separate agreement with Nortel for the acquisition of the portion of Nortel's Enterprise Solutions business in Europe, the Middle East and Africa (EMEA).

The company noted the closing of the transaction remains subject to additional court approvals in France and Israel, and information and consultation processes with employee representatives in certain EMEA jurisdictions. The transaction is also subject to customary closing conditions, including receipt of necessary regulatory approvals.

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