NEW YORK (
(TLAB) was a big mover in premarket trading on Monday after the telecom equipment maker announced an $891 million deal to be acquired by
Marlin Equity Partners.
Under the terms of the merger agreement, entities affiliated with Marlin will acquire all of Tellabs' outstanding shares for $2.45 a share in cash. The deal is expected to close in the fourth quarter.
Tellabs' shares climbed 5.11% to $2.47 before market open. The Naperville, Ill.-based firm was also the most active premarket Nasdaq stock on share volume of 13,072,681.
(FB - Get Report) was another premarket mover, rising 0.81% to $54.66 on share volume of 636,228, while
(SIRI - Get Report) was up 0.87% to $4.08 on share volume of 322,414.
(SCTY - Get Report)
continued its recent
, gaining 5.03% to $62.45 on volume of 248,169.
(AAPL - Get Report)
, which is expected to refresh its
at an event in San Francisco on Tuesday, rose 0.65% to $512.22.
--Written by James Rogers in New York.
Check Out Our Best Services for Investors
Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts