Newman Ferrara LLP Announces Investigation of Tellabs, Inc.
21 Outubro 2013 - 11:16AM
Business Wire
Newman Ferrara LLP has begun an investigation into potential
claims against the Board of Directors of Tellabs, Inc. (“Tellabs”)
(NasdaqGS: TLAB) concerning the proposed acquisition of Tellabs by
global investment firm Marlin Equity Partners.
Tellabs has entered into an agreement and plan of merger to be
acquired by Marlin Equity Partners in deal valued at approximately
$891 million. Pursuant to the agreement, Tellabs shareholders will
receive $2.45 per share in cash for each share of Tellabs stock
owned. However, the offer price represents a premium of only 4.3%
over the closing price of Tellabs stock on October 18, 2013 and is
well below its 52-week trading high of $3.63 per share. The offer
price is also below Tellabs’ book value per share of $2.80 per
share, as of June 13, 2013.
Newman Ferrara’s investigation concerns whether the Tellabs
Board of Directors has breached its fiduciary duties to act in the
best interests of Tellabs shareholders and to take all necessary
steps to ensure that Tellabs shareholders receive the maximum value
readily available for their shares of Tellabs common stock.
Concerned investors may contact Newman Ferrara attorney Roy
Shimon at rshimon@nfllp.com or (212) 619-5400 to discuss this
investigation, their rights, or potential remedies.
Newman Ferrara maintains a multifaceted practice based in New
York City with attorneys specializing in complex commercial and
multi-party litigation, securities fraud and shareholder
litigation, consumer protection, civil rights, and real estate. For
more information, please visit the firm website at
www.nfllp.com.
Newman Ferrara LLPRoy Shimon, 212-619-5400rshimon@nfllp.com
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