Extreme Networks To Buy Avaya's Networking Business For $100M


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Approval of a final sale to either Extreme or a competing bidder is expected to take place shortly after completion of an auction. 

The transaction is expected to close by June 30, 2017, the end of Avaya’s fiscal third quarter 2017, subject to regulatory approvals and other customary closing conditions.

Extreme's Meyercord said he expect the combined businesses can achieve synergies and provide accretion to Extreme's fiscal 2018 earnings and cash flow.


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