Network management software vendor Tekelec (TKLC) is being acquired for $780M, or $11/share, in...

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

Network management software vendor Tekelec (TKLC) is being acquired for $780M, or $11/share, in cash, by a consortium led by Siris Capital, a private-equity spinoff of SAC Capital. The deal represents an 11% spinoff to Tekelec's Friday close. The company's shares have effectively moved sideways over the last 13 years.