Bull & Lifshitz, LLP Announces Investigation of Tekelec
November 10 2011 - 10:00PM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
sale of Tekelec (NASDAQ: TKLC) (referred to as "Tekelec" or the
“Company”) 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. The
transaction is valued at approximately $780 million.
Under the terms of the agreement, all outstanding shares of
Tekelec's common stock will be acquired for $11.00 per share in
cash. Tekelec's management team is expected to remain in place, and
Merle Gilmore, former President of Motorola's Communications
Enterprise and Chairman of the Board of Airvana Network Solutions
Inc., will serve as Tekelec's Executive Chairman following the
closing.
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company’s
shareholders.
If you are a holder of Tekelec common stock and want to discuss
your legal rights, you may e-mail or call Bull & Lifshitz, LLP
who will, without obligation or cost to you, attempt to answer your
questions.
If you are a shareholder of Tekelec and would like more
information about our investigation, please contact Peter D. Bull,
Esq. by telephone at (866) 313-6222 or by sending an e-mail
including your contact information to: counsel@nyclasslaw.com. All
e-mail correspondence should make reference to Tekelec.
Bull & Lifshitz, LLP is a New York City-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2011 Bull & Lifshitz, LLP.
The law firm responsible for this advertisement is Bull &
Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212)
213-6222. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
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