DALLAS, Oct. 24, 2013 /PRNewswire/ -- Securities lawyers at Deans & Lyons announce an investigation against the board of Tellabs Inc. (NASDAQ: TLAB) in connection with a buyout for $2.45 per share scheduled for the fourth quarter of the year. Concerned investors are encouraged to contact attorney Hamilton Lindley at 877-819-8033 or hlindley@deanslyons.com about their rights and remedies.
"Because the buyout price proposed by Marlin Equity Partners is below the $3.63 trading high in the previous 52 weeks and a is mere 4.3% premium of the October 18, 2013 closing price, this investigation will be concerned with making sure that the board members of TLAB properly shopped the company before entering into this agreement," said securities lawyer Hamilton Lindley. "This potential shareholder lawsuit will seek to ensure that that the shareholders receive the highest price reasonably obtainable for their stock."
Deans & Lyons has significant experience representing shareholders in securities lawsuits nationwide. stockholders – or anyone with knowledge about this situation – should contact lawyer Hamilton Lindley at hlindley@deanslyons.com or 877-819-8033 with questions or concerns.
Hamilton Lindley
DEANS & LYONS LLP
325 North Saint Paul Street, Suite 1500
Dallas, TX 75201
Phone: 214-736-7861
Fax: 214-965-8505
Toll-free: 877-819-8033
hlindley@deanslyons.com
www.deanslyons.com
SOURCE Deans & Lyons, LLP
