NEW YORK, April 29, 2013 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Telular Corporation ("Telular" or the "Company") (NASDAQ: WRLS) concerning the proposed acquisition of the Company by Avista Capital Partners ("Avista") in a transaction valued at approximately $253 million.
On April 29, 2013, Telular announced that it had entered into a definitive agreement pursuant to which the Company will be acquired by Avista. Under the terms of the agreement, Avista will pay $12.61 per share of Telular common stock.
Our investigation concerns whether the board of directors is fulfilling its fiduciary duties, maximizing the value of Telular stock, disclosing all material benefits and costs and obtaining full and fair consideration for Telular public shareholders.
If you own Telular shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq. Peter W. Overs, Jr., Esq. Craig Lowther Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400 (212) 935-7400 Email: [email protected] Website: http://www.hfesq.com
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.