Monday, May 21, 2007

Value Act Capital Lowers Stake in Avaya (AV) to 3.9%

In an amended 13D filing after the close Friday on Avaya Inc. (NYSE: AV), Value Act Capital disclosed a 3.9% stake (17.7 million shares) in the company. This is down from the 27 million shares stake the firm held at the quarter ended March 31, 2007.

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