Nortel Announcements Immiment?Nortel Announcements Immiment?
The Ottawa Citizen is reporting that an announcement of the sale of Nortel Enterprise could come as early as tomorrow.
April 29, 2009
The Ottawa Citizen is reporting that an announcement of the sale of Nortel Enterprise could come as early as tomorrow.
Continuing its leadership in breaking Nortel stories, the Ottawa Citizen is reporting that an announcement of the sale of Nortel Enterprise could come as early as tomorrow--though the report adds that such an announcement could also be pushed into next week.The newspaper's report says that "New Jersey-based Avaya and Siemens Enterprise Communications of Germany are top bidders;" it doesn't handicap the two contenders, or mention Golden Gate Capital or other private equity firms that reportedly have been bidding on Nortel Enterprise.
The report also indicates that Nortel will provide updates on its financial condition and on the company's plans for the future, within the next couple of weeks.The Ottawa Citizen is reporting that an announcement of the sale of Nortel Enterprise could come as early as tomorrow.
