Tellabs, Inc.NASDAQ
TLAB is defunct.
  • Oct. 21, 2013, 9:23 AM
    • 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.
    | Oct. 21, 2013, 9:23 AM | 4 Comments