Investment firm acquiring Tellabs for $2.45/share


Marlin Equity Partners is acquiring Tellabs (TLAB) for $2.45/share in cash, or $891M. The price represents just a 4.3% premium to Tellabs' Friday close. The deal is expected to close in Q4. (PR)

Tellabs +5.1% premarket to $2.47; some investors are betting on a higher bid arriving. Tellabs activist investor Dialectic Capital and co-founder Michael Birck back the deal. It follows years of telecom equipment share losses, as well as recent management upheaval and tragedy.

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Comments (4)
  • 2157051@gmail.com
    , contributor
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    Appears to be questionable considering the book value is higher. Someone needs to investigate the boards decision!
    21 Oct 2013, 11:56 AM Reply Like
  • 2157051@gmail.com
    , contributor
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    I am a stock holder and question the board decision
    21 Oct 2013, 11:57 AM Reply Like
  • xtddd
    , contributor
    Comments (330) | Send Message
     
    so do I.
    21 Oct 2013, 10:39 PM Reply Like
  • Raj Lakhiani
    , contributor
    Comments (15) | Send Message
     
    Why is the share price higher than the offer? Do you think Marlin Equity Partners will have to move bid higher, closer to book value of company?
    21 Oct 2013, 01:12 PM Reply Like
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