Tripp Levy PLLC, a leading national securities law firm, announces an investigation into the proposed acquisition of Tekelec (NASDAQ:TKLC ) by a consortium of investors led by Siris Capital Group. Under the terms of the agreement, all outstanding shares of Tekelec will be acquired for $11 per share in cash.
The investigation concerns, among other things, whether the consideration to be paid to Tekelec shareholders is unfair, inadequate, and substantially below the fair or inherent value of Tekelec. Indeed, analysts estimate the true inherent value of the stock is worth at least $16 per share. The investigation further concerns whether the board of directors of Tekelec may have breached their fiduciary duties by not acting in Tekelec shareholders' best interests in connection with the sale process of Tekelec.
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