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


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.

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  • Charles A. Smith
    , contributor
    Comments (1257) | Send Message
     
    Siris is waaay underpaying for this one. No "go shop" provision and the stock is trading nearly 2% ABOVE the offering price. Someone has already spent millions of $ because they believe another offer is coming. Stay tuned.
    7 Nov 2011, 01:32 PM Reply Like
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