Bernstein Liebhard LLP Announces Investigation of Tekelec
November 07 2011 - 10:39AM
Business Wire
Bernstein Liebhard LLP is investigating whether the Board of
Directors of Tekelec (“Tekelec” or the “Company”) (NASDAQ: TKLC)
breached its fiduciary duty to its shareholders in agreeing to sell
Tekelec to a consortium led by Siris Capital Group, LLC ("Siris")
and including affiliates of The ComVest Group, funds and accounts
managed by GSO Capital Partners LP, Sankaty Advisors LLC,
ZelnickMedia and other Siris limited partners and affiliates.
Under the terms of the agreement, Tekelec shareholders will
receive $11.00 in cash for each share they own. The investigation
is focused on the potential unfairness of the price to Tekelec
shareholders and the process by which the Tekelec Board of
Directors considered and approved the transaction.
If you are interested in discussing your rights as a Tekelec
shareholder and/or have information relating to the matter, please
contact U. Seth Ottensoser at (877) 779-1414 or
Ottensoser@bernlieb.com.
Bernstein Liebhard has pursued hundreds of securities, consumer
and shareholder rights cases and recovered almost $3 billion for
its clients. It has been named to The National Law Journal’s
“Plaintiffs’ Hot List” in each of the last nine years.
Bernstein Liebhard LLP10 East 40th StreetNew York, New York
10016(877) 779-1414www.bernlieb.com
ATTORNEY ADVERTISING. © 2011 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New York 10016, (212) 779-1414. The
lawyer responsible for this advertisement in the State of
Connecticut is Mary U. Hoover. Prior results do not guarantee or
predict a similar outcome with respect to any future matter.
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