Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of the Tellabs, Inc., Proposed Acquisition by Marli...
21 Outubro 2013 - 11:34AM
Business Wire
Shareholder Rights Law Firm Johnson & Weaver, LLP is
investigating whether members of the Board of Directors of Tellabs
(Nasdaq: TLAB) breached their fiduciary duties in connection with
the Company’s proposed acquisition by Marlin Equity.
On October 21, 2013 Tellabs announced that it had entered into a
definitive merger agreement to be acquired by Marlin. Under the
terms of the agreement, holders of Tellabs common stock will
receive $2.45 per share, or a total of $891 million. The
acquisition will be in the form of a tender offer, which is
scheduled to be completed in the fourth quarter of this year.
The investigation will determine whether Tellabs’ directors
breached their fiduciary duties to stockholders by failing to
satisfactorily shop the Company before entering into this
agreement. Scott Holleman, attorney for Johnson & Weaver,
stated that, “Marlin’s offer appears to be inadequate and not in
the best interest of the shareholders.” Holleman continued, “Based
on the cost-cutting measures the Company recently undertook and the
recent improvement in revenue and profit margins, Marlin’s offer
appears to grossly undervalue Tellabs and its future
prospects.”
If you are a shareholder of Tellabs and believe 1) the
proposed buyout price is too low or 2) the deal favors the officers
and directors and not the shareholders or 3) you’re interested in
learning more about the investigation or your legal rights and
remedies, please contact lead analyst Jim Baker
(jimb@johnsonandweaver.com) at 619-230-0063.
Johnson & Weaver, LLP is a nationally recognized
shareholders’ rights law firm. The firm represents individual and
institutional investors in shareholder derivative and securities
class action lawsuits. For more information about the firm and its
attorneys, please visit http://www.johnsonandweaver.com.
Johnson & Weaver, LLPJim Baker, 619-230-0063 Ext.
118jimb@johnsonandweaver.com
Tellabs, Inc. (MM) (NASDAQ:TLAB)
Gráfico Histórico do Ativo
De Set 2024 até Out 2024
Tellabs, Inc. (MM) (NASDAQ:TLAB)
Gráfico Histórico do Ativo
De Out 2023 até Out 2024
Notícias em tempo-real sobre Tellabs, Inc. (MM) da NASDAQ bolsa de valores: 0 artigos recentes
Mais Notícias de Tellabs, Inc. (MM)