NEW YORK, Oct. 21, 2013 /PRNewswire/ -- Tripp Levy PLLC, a
leading national securities and shareholder rights law firm,
announces that it is investigating the acquisition of Tellabs, Inc.
on behalf of shareholders. Tellabs (TLAB) announced that it
has entered into a definitive merger agreement with entities
affiliated with Marlin Equity Partners ("Marlin"), which provides
that Marlin entities will acquire all of the outstanding shares of
Tellabs for $2.45 per share in
cash.
The investigation concerns whether the senior management and
board of directors of Tellabs breached their fiduciary duties to
shareholders by selling the company for an unfair price through an
unfair process. Indeed, the book value alone of the company
is worth $2.81 per share, the stock
has traded over $3.60 per share
within the past year and analysts have projected the stock to be
worth more than the offer price ($2.50 per share). Further, the offer is
well below that of multiples of comparable deals in the industry
recently.
If you would like additional information as to how this
acquisition of Tellabs affects your rights as a shareholder, please
contact us at:
Tripp Levy PLLC
New York, New York
Toll Free: 1-877-772-3975
Email: contact@tripplevy.com
www.tripplevy.com
Tripp Levy PLLC is a national law firm and has recovered
millions of dollars for shareholders around the globe in mergers
and takeover matters. Attorney advertising. Prior
results do not indicate a similar outcome.
SOURCE Tripp Levy PLLC