BOSTON, Nov. 7, 2011 /PRNewswire/ -- Block & Leviton
LLP, a Boston based law firm with
experience in representing investors in protecting their rights, is
investigating whether the Board of Directors of Tekelec, Inc.
("Tekelec" or the "Company") (NASDAQ: TKLC) breached their duties
in agreeing to sell the Company to a consortium of private
investors led by Siris Capital Group, LLC and others (together, the
"Siris group").
On November 7, 2011 Tekelec and
the Siris group entered into an agreement whereby the Siris group
would acquire all Tekelec common stock for $11.00 per share. The offer price
represents an 11% premium to Tekelec's closing price on
Friday, November 4, 2011.
Certain analysts have stated that Tekelec is worth as much as
$16 per share.
If you own stock in Tekelec please contact us to discuss your
rights with regard to this transaction or if you have any
questions.
BLOCK & LEVITON LLP
Jeffrey C. Block, Esq.
Scott A. Mays, Esq.
info@blockesq.com
(617) 398-5600
The attorneys at Block & Leviton have more than 40 years of
experience in representing individual and institutional investors
in shareholder rights actions.
This may constitute attorney advertising.
SOURCE Block & Leviton LLP