BALA CYNWYD, Pa., Oct. 22, 2013 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Tellabs Inc.
("Tellabs" or the "Company") (Nasdaq - TLAB) relating to the
proposed acquisition by Marlin Equity Partners.
Click here to learn more about the investigation
http://brodsky-smith.com/661-tlab-tellabs-inc.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Tellabs shareholders will
receive only $2.45 in cash for each
share of Tellabs stock they own. The investigation concerns
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Tellabs for not acting in the
Company's shareholders best interests in connection with the sale
process. The transaction may undervalue the company and will result
in a loss for many long term shareholders. Tellabs stock traded at
$4.37 per share on January 24, 2012 and traded at $3.56 per share on November 30, 2012. In addition, an analyst has
set a price target of $2.50 per share
and Tellabs has a reported book value of $2.81 per share.
If you own shares of Tellabs 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 investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/661-tlab-tellabs-inc.html, or calling toll
free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
SOURCE Brodsky & Smith, LLC