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Tellabs Inc. (TLAB)

(NasdaqGS: TLAB)

Summary

TELLABS SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of the Tellabs Inc. (TLAB) Board of Directors Over the Proposed Sale of the Company to Marlin Equity Partners in a Cash Deal

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.

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. 

If you own common stock in Tellabs and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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    Tellabs Inc. (TLAB)
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Contact Counsel

Juan E. Monteverde
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 10/21/2013

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