Avaya Considering Sale Of All Or Part Of The Company

Both the Wall Street Journal and the New York Times are reporting that Avaya (AV) is considering selling all or part of the telecommunications equipment company. The WSJ story listed Nortel (NT) and private equity firm Silver Lake Partners as possible buyers; the Times listed those two, as well as Cisco Systems (CSCO). The Times story also says the company has hired Credit Suisse as an adviser.

The Times story also noted that “speculation about a deal for Avaya has percolated since Friday, when the company postponed its analyst meeting scheduled for Thursday.”

On Friday, Avaya shares rose 22 cents to $13.67, and then jumped another 33 cents to $14 in after hours trading. As of the close of the regular session Friday, Avaya had a market cap of about $6.2 billion.

AV 1-yr chart: