Avaya’s Proposed Acquisition of Nortel Enterprise Solutions Receives HSR Act and Canadian Competition Act Clearance

by Jeff Wiener on November 12, 2009

Avaya-LogoSome news from Avaya’s web site – it looks like the regulatory hurdles surrounding the Nortel acquisition have been cleared.

Avaya today announced it was granted early termination of the antitrust waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR Act”), for the company’s proposed acquisition of Nortel’s enterprise solutions business.

Avaya also received regulatory clearance for the proposed transaction from the Canadian Competition Bureau. The Competition Bureau issued a no action letter, indicating that it does not have grounds to challenge the proposed transaction under the Competition Act.

The proposed acquisition is subject to additional regulatory reviews, and Avaya expects to close the transaction in December 2009.

Written by: Jeff Wiener. www.digitcom.ca. Follow TheTelecomBlog.com by: RSS, Twitter, Identi.ca, or Friendfeed

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