Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Tekelec (“Tekelec” or the “Company”) (Nasdaq - TKLC) relating to the proposed acquisition by a consortium led by Siris Capital Group, LLC (“Siris”).
Under the terms of the transaction, Tekelec shareholders would receive $11.00 in cash for each share Tekelec stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Tekelec for not acting in the Company’s shareholders' best interests in connection with the sale process to Siris. The transaction may undervalue Tekelec as Tekelec stock traded at $19.74 on April 20, 2010 and traded at $12.04 as recently as February 8, 2011. In addition, an analyst has set a price target of $16.00 per share for Tekelec stock.
If you own shares of Tekelec stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at
http://brodsky-smith.com/358-tklc-tekelec.html, or by calling toll free 877-LEGAL-90.