by Dave » Tue Jun 06, 2017 9:56 am
As soon as the buyout was announced along with the debt load I said this could very likely destroy the company. You don't need no stinking MBA to do the math. Over $1,000,000 a day just to service the debt!
Virtually no one believed me. Everyone thought it was such a good deal. Probably thinking Avaya might get competent management because of TPG / Silverlake.
A lot of people made a lot of money because of the buyout share price. I did OK but nowhere as good as the top executives who had millions of $3.50 option share price stock which vested at around $19 on the day the deal was done.
It was clear to me where the company was headed which is one of the reasons I just walked out the door back in 2010.