Faruqi & Faruqi, LLP Announces Investigation of Tekelec
November 08 2011 - 7:00PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Tekelec (the “Company”) (NASDAQ: TKLC) for potential
breaches of fiduciary duties in connection with their conduct
related to the sale of the Company to a consortium led by Siris
Capital Group and including affiliates of The ComVest Group, funds
and accounts managed by GSO Capital Partners Sankaty Advisors LLC,
ZelnickMedia and other Siris limited partners and affiliates, in an
all-cash deal valued at about $780 million. Under the terms of the
proposed transaction, Tekelec stockholders will receive $11.00 in
cash for each share of Tekelec common stock they own, while
according to Yahoo! Finance, at least one financial analyst has set
a price target of $16.00 for Tekelec.
Request more information now by clicking here:
www.faruqilaw.com/TKLC
Whether Tekelec’s Board of Directors breached their fiduciary
duties to the Company’s stockholders by failing to conduct an
adequate and fair sales process prior to agreeing to this proposed
transaction, whether the proposed transaction undervalues Tekelec’s
shares and by how much this proposed transaction undervalues the
Company to the detriment of Tekelec’s shareholders are the key
focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Tekelec and wish to obtain additional
information, please visit us at www.faruqilaw.com/TKLC or contact
Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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