Wolf Haldenstein Announces Investigation of Tekelec
November 07 2011 - 6:12PM
Business Wire
Attorney Advertising. The law firm of Wolf Haldenstein Adler
Freeman & Herz LLP is investigating possible breaches of
fiduciary duty by the Board of Directors of Tekelec (“Tekelec” or
the “Company”) [NASDAQ:TKLC] arising out of the proposed
acquisition of Tekelec by a consortium led by Siris Capital Group,
LLC, 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
(“Siris”).
On Monday, November 7, 2011, Tekelec announced that Siris will
acquire Tekelec pursuant to an all cash offer. Under the terms of
the agreement, Tekelec stockholders will receive cash of $11.00 in
exchange for each share of Tekelec common stock. However, the
Company may not have adequately shopped itself before entering into
this transaction and, pursuant to this proposed transaction, Siris
may be underpaying for Tekelec, thus unlawfully harming Tekelec
shareholders.
Wolf Haldenstein has been representing individual and
institutional investors for many years, serving as lead counsel in
numerous cases in U.S. federal and state courts. Please visit the
Wolf Haldenstein website (http://www.whafh.com) for more
information about the firm.
If you own Tekelec common stock and you wish to discuss this
matter with us, or have any questions concerning your rights and
interests with regard to this matter, please contact:
Gregory Nespole or Derek Behnke
Wolf Haldenstein Adler Freeman & Herz LLP 270 Madison Avenue
New York, New York 10016 Phone Numbers: (800) 575-0735 (212)
545-4600 Email:
nespole@whafh.com
Classmember@whafh.com
Website: http://www.whafh.com
Attorney Advertising. Prior Results Do Not Guarantee A Similar
Outcome.
Tekelec (NASDAQ:TKLC)
Historical Stock Chart
From Jul 2024 to Aug 2024
Tekelec (NASDAQ:TKLC)
Historical Stock Chart
From Aug 2023 to Aug 2024