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Tellabs, Inc. (TLAB)

- 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.
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Company Description
Tellabs, Inc. designs, develops and supports telecommunications networking products. It operates through four business segments: Optical, Data, Access and Services.