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

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

Shares of Apple ( AAPL), 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.

More from Technology

Amazon, Microsoft and Google Face Backlash over ICE, Military Deals

Amazon, Microsoft and Google Face Backlash over ICE, Military Deals

As Intel Loses Its CEO, How Well Can It Compete Against Nvidia?

As Intel Loses Its CEO, How Well Can It Compete Against Nvidia?

3 Great Stock Market Sectors Millennials Should Invest In

3 Great Stock Market Sectors Millennials Should Invest In

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists