Oct 21 (Reuters) - Tellabs Inc , which helps telecommunications carriers manage traffic on their networks, said it agreed to be bought by private equity firm Marlin Equity Partners for $891 million as it struggles against nimbler rivals and a shrinking customer base.
rallying after struggling telecom equipment rival Tellabs announced it's being acquired for $891M by investment ..... market cap ($2.85B) is considerably larger than Tellabs ', and (unlike Tellabs ) the company has been taking share in recent quarters
Marlin Equity Partners is acquiring Tellabs ( TLAB ) for $2.45/share in cash ..... represents just a 4.3% premium to Tellabs ' Friday close. The deal is expected to close in Q4. ( PR ) Tellabs +5.1% premarket to $2.47
Marlin Equity Partners agrees to buy Tellabs ( TLB ) for $891M in a cash deal. The board of directors of Tellabs says it approved the deal after being in contact with more than 30 potential bidders. The buyout is at a narrow premium of 4.3
Oct 21 (Reuters) - Network services provider Tellabs Inc agreed to be bought by Marlin Equity Partners for $891 million.
testing equipment firm, and a senior vice president at Tellabs TLAB . CFO Michael Smiley, who joined Zebra in May 2008, previously worked with Gustafsson at Tellabs where he was the CFO and gained exposure to Asian markets
By Saidal Mohmand : Tellabs (NASDAQ: TLAB ) Executive Summary Tellabs , Inc . (" Tellabs " or the "Company") is a leading telecommunications networking equipment provider, which offers an attractive opportunity at current prices. Tellabs
We are no longer providing equity research on Tellabs TLAB . We provide broad coverage of more than 1,700 companies across more than 140 industries and adjust our coverage as necessary based on client demand and investor interest.
Tellabs is in the middle of some major product transitions ..... to keep their piece of the pie. We think Tellabs will remain a viable player in the telecom ..... keep up with the competition. The cash on Tellabs ' balance sheet accounts for a bit more than