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Tellabs, Facebook, Apple: Tech Premarket

NEW YORK ( TheStreet) -- Tellabs (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.

Facebook (FB - Get Report) was another premarket mover, rising 0.81% to $54.66 on share volume of 636,228, while Sirius XM (SIRI - Get Report) was up 0.87% to $4.08 on share volume of 322,414.

SolarCity (SCTY - Get Report) continued its recent momentum, gaining 5.03% to $62.45 on volume of 248,169.

Shares of Apple (AAPL - Get Report), which is expected to refresh its iPad lineup at an event in San Francisco on Tuesday, rose 0.65% to $512.22.

--Written by James Rogers in New York.

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AAPL $93.74 0.00%
FB $117.58 0.00%
SCTY $30.32 0.00%
SIRI $3.95 0.00%
GOOG $693.01 0.00%


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