Avaya Holdings Corp. (NYSE: AVYA) today announced that its Board of Directors has approved a warrant repurchase program, authorizing Avaya to repurchase outstanding warrants to purchase shares of its common stock. The Board of Directors authorized an aggregate expenditure of up to $15 million for this program. The warrants currently trade in the OTC market. Pursuant to the approved repurchase plan, repurchases may be made by Avaya from time to time in open-market or privately-negotiated transactions as permitted by securities laws and other legal requirements, and subject to market conditions and other factors.
