NYSE to Suspend Avaya Holdings Trading Immediately

NYSE will suspend trading in Avaya common stock immediately and commence delisting proceedings.

• Decision reached after February 14 disclosure that company filed voluntary petitions for relief under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas
• “NYSE Regulation also noted that the company’s restructuring support agreement does not contemplate any recovery for holders of the company’s common stock,” statement says

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Lara Sanli in New York at lsanli@bloomberg.net

To contact the editor responsible for this story:
Chakradhar Adusumilli at cadusumilli@bloomberg.net

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