Avaya paid $11.85 per share in cash for the video conferencing company at a company value of $230 million.
Avaya Inc. has completed its acquisition of video conferencing company Radvision Ltd. (Nasdaq: RVSN; TASE: RVSN) for $11.85 per share in cash at a company value of $230 million. Under the March 14 merger agreement, Radvision has become a wholly owned unit of Avaya, through its Israeli subsidiary Sonic Acquisition Ltd. and Radvision has been delisted from trading on the TASE and Nasdaq.
Radvision's share price fell 0.2% on Nasdaq yesterday to $11.77, giving a market cap of $229 million. The TASE suspended trading in the share today, at NIS 45.67.
Published by Globes [online], Israel business news - www.globes-online.com - on June 5, 2012
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