On or around 01/06/2016 (Other)
Filing Date: November 05, 2013
According to the Complaint, On October 21, 2013, Tellabs announced that the Company had entered into an Agreement and Plan of Merger (the “Merger Agreement”) for Marlin to acquire Tellabs, via a tender offer, in a deal with an aggregate transaction value of approximately $891 million. Under the terms of the Proposed Transaction, Tellabs common stockholders will receive $2.45 per share in cash for each Tellabs share they elect to tender to Marlin.
The Complaint alleges that the Proposed Transaction is the product of a conflicted process that is designed to ensure the sale of Tellabs to Marlin on terms preferential to Marlin and other Tellabs insiders and to subvert the interests of Plaintiff and other public stockholders of the Company.
On March 21, 2014, the parties entered into a Settlement Agreement. The Settlement was preliminarily approved on May 5, 2015. The Settlement was granted final approval on September 11, and this case was dismissed.
Company & Securities Information
Defendant: Tellabs, Inc.
Industry: Communications Equipment
Headquarters: United States
Ticker Symbol: TLAB
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
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