TELLABS SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of the Tellabs Inc. (TLAB) Board of Directors Ove...
21 Outubro 2013 - 2:17PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Tellabs Inc.
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of Tellabs Inc. (“Tellabs” or
the “Company”) (NasdaqGS: TLAB) for potential breaches of fiduciary
duties in connection with their conduct related to the sale of the
Company to Marlin Equity Partners in a cash deal valued at
approximately $891 million. Under the terms of the proposed
transaction, Tellabs’ stockholders will receive $2.45 for each
share of Tellabs common stock they own. However, Tellabs has a book
value in excess of the offering price, at $2.81 per share.
Request more information now by clicking here:
www.faruqilaw.com/TLAB. There is no cost or
obligation to you.
The investigation focuses on whether Tellabs’ 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 and by how much this
proposed transaction undervalues the Company to the detriment of
Tellabs’ shareholders.
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 Tellabs and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/TLAB 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.
Contact:
Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212)
983-9330
Attorney Advertising. (C) 2013 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.
Faruqi & Faruqi, LLPJuan E. Monteverde, Esq.(877) 247-4292
or (212) 983-9330jmonteverde@faruqilaw.com
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