InPlay - TELLABS INC. INVESTOR ALERT: Levi & Korsinsky, LLP Investigates Possible Breaches of Fiduciary Duty by Board of Tellabs Inc. In Connection With Sale Of Company to Marlin Equity Partners
NEW YORK, Oct. 21, 2013 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Tellabs Inc. ("Tellabs" or the "Company") (NasdaqGS: TLAB) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Marlin Equity Partners.
Click here to learn more about the investigation http://zlk.9nl.com/tellabsinc-tlab/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Tellabs shareholders will receive $2.45 for each share of Tellabs stock they own. The investigation concerns whether the Tellabs Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Marlin Equity Partners is underpaying for Tellabs shares. In particular, Tellabs has a reported Book Value of $2.81 per share.
If you own Tellabs common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/tellabsinc-tlab/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
SOURCE Levi & Korsinsky, LLP