As Tekelec (TKLC) continues trading slightly above its $11/share buyout price, research firm...

|About: Tekelec (TKLC)|By:, SA News Editor

As Tekelec (TKLC) continues trading slightly above its $11/share buyout price, research firm Oscar Gruss has decided to initiate coverage with a Buy rating. The firm considers Tekelec to be "an attractively-priced option" at or near $11/share, and thinks there's at least a 20% chance "a strategic buyer will express renewed interest" in the company.