• Nov. 7, 2011, 2:31 PM

    As commenter Charles A. Smith notes, Tekelec (TKLC +13.7%) shares are now changing hands roughly 2% above the $11/share buyout price the company has agreed to. Investors are speculating a higher bid will arrive, though some think Tekelec's continued dependency on its slow-growing call-signaling business will be a deterrent.

    Nov. 7, 2011, 2:31 PM
  • Nov. 7, 2011, 7:38 AM

    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.

    Nov. 7, 2011, 7:38 AM | 1 Comment