Report: Avaya hires J.P. Morgan, seeks bids within weeks

|About: Avaya Holdings Corp. (AVYA)|By:, SA News Editor

Chatter about a leveraged buyout process for Avaya Holdings (AVYA +1.3%) is moving into a more advanced stage, StreetInsider suggests, saying J.P. Morgan has been hired to run a "very active" process.

Just a week ago, headlines indicated the company might be planning to sell itself (amid some unsolicited interest from suitors), and now final bids are due in early May, according to the report.

That's an outcome that could make sense, with a company transition going slowly, Cowen says.

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