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Avaya Buyback

It's $500 million worth over two years.

Avaya (AV) set plans to buy back up to $500 million of common stock over two years.

"This plan underscores Avaya's financial strength," said Caroline Dorsa, chief financial officer, Avaya. "Our share repurchases represent an excellent opportunity to enhance shareholder value over the long-term."

The share repurchase plan will be funded using Avaya's cash on hand.

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