Antitrust Regulators Greenlight Avaya-Nortel Deal

Law360, New York (November 11, 2009, 5:02 PM EST) -- Telecommunications company Avaya Inc. said Wednesday that it had received antitrust approval from the Federal Trade Commission and the Canadian Competition Bureau for its proposed $915 million purchase of bankrupt Nortel Networks Corp.'s enterprise solutions business.

Avaya said the FTC granted it early termination of the antitrust waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The company also said it received a no-action letter from the Canadian Competition Bureau indicating that there were no grounds to challenge the transaction.

The deal previously was approved...
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