Pomerantz Haudek Grossman & Gross LLP is investigating claims on behalf of investors of Tekelec (“Tekelec” or the “Company”) (NASDAQ:TKLC) concerning the proposed acquisition of Tekelec by a consortium led by Siris Capital Group, LLC. The cash transaction is valued at $780 million.

The investigation concerns whether the board of directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, Tekelec shareholders would receive $11.00 per share in cash, and the Tekelec management team will remain in place. At least one analyst has set a target share price of $16.00.

Tekelec shareholders seeking more information about this acquisition are advised to contact Gustavo Bruckner, Esq. at gfbruckner@pomlaw.com or 212-661-1100 or toll free at 888-476-6529, ext. 302. Shareholders may also contact Rachelle R. Boyle at rrboyle@pomlaw.com or 212-661-1100 or 888-476-6529, ext. 237.

The Pomerantz Firm, with offices in New York, Chicago, and Washington, D.C., is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

Copyright Business Wire 2010

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