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Investment firm acquiring Tellabs for $2.45/share

Oct. 21, 2013 9:23 AM ETTellabs, Inc. (TLAB) StockTLABBy: Eric Jhonsa, SA News Editor4 Comments
  • Marlin Equity Partners is acquiring Tellabs (NASDAQ: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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