WAYNE, Pa., Oct. 22, 2013 /PRNewswire/ -- Ryan &
Maniskas, LLP is investigating potential claims against the board
of directors of Tellabs Inc. ("Tellabs" or the "Company") (NASDAQ:
TLAB) concerning possible breaches of fiduciary duty and other
violations of law related to the Company's efforts to sell the
Company to Marlin Equity Partners in a deal valued at approximately
$891 million.
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If you own shares of Tellabs and would like to learn more about
these claims or if you wish to discuss these matters and have any
questions concerning this announcement or your rights, contact
Richard A. Maniskas, Esquire
toll-free at (877) 316-3218 or to sign up online, visit:
www.rmclasslaw.com/cases/tlab. You may also email Mr.
Maniskas at rmaniskas@rmclasslaw.com.
Under the terms of the proposed transaction, Tellabs'
stockholders will receive $2.45 for
each share of Tellabs common stock they own.
Our investigation concerns possible breaches of fiduciary duty
and other violations of state law by Tellabs' Board of Directors
for not acting in the Company's shareholders' best interests in
connection with the sale process.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide. To learn more
about the class action process, please visit:
www.rmclasslaw.com.
CONTACT:
Ryan & Maniskas, LLP
Richard
A. Maniskas, Esquire
995 Old Eagle School Rd., Suite 311
Wayne, PA 19087
877-316-3218
www.rmclasslaw.com/cases/tlab
rmaniskas@rmclasslaw.com
SOURCE Ryan & Maniskas, LLP