Tellabs: Discounted Assets With A Catalyst
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.
Tellabs, Inc. designs, develops and supports telecommunications networking products. It operates through four business segments: Optical, Data, Access and Services.
Industry: Communication Equipment
Country: United States
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