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Tellabs co-founder Birck passes away
2015-07-07 23:05:12| Telecom - Topix.net
Michael Birck, a co-founder, former CEO and chairman of Naperville-based Tellabs Inc. has passed away, according to his alma mater, Purdue University. The YGS Group provides digital and printed reprint services for Daily Herald.
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Tellabs announces $891 million sale
2013-10-21 18:24:31| Telecom - Topix.net
Communications equipment maker Tellabs Inc. has announced that a California investment firm is acquiring the Naperville-based telecom equipment company for $891 million.
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Tellabs sold for USD 891 mln to Marlin Equity Partners
2013-10-21 14:53:00| Telecompaper Headlines
(Telecompaper) Marlin Equity Partners has agreed to acquire networking equipment maker Tellabs for USD 891 million. The price of USD 2.45 per share is a 4.3 percent premium on Tellabs' share price on 18 October, the last trading before the announcement. Tellabs' board approved the deal, and Michael J. Birck, Tellabs's co-founder and second-largest stockholder, said he supports the transaction. The takeover is expected to close before the end of the year. The deal follows a strategic review of the loss-making company's options, with more than 30 potential buyers contacted as part of the sale process. Tellabs said the takeover will give it the resources to invest in new technologies.
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Marlin Equity to acquire Tellabs for $891 million
2013-10-21 02:00:00| Total Telecom industry news
Tender offer will begin by November with deal expected to close by year-end.
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Tellabs to announce third-quarter results on October 31
2013-10-18 14:02:14| Telecom - Topix.net
Tellabs' third-quarter 2013 results will be available on http://www.tellabs.com after the close of market on Thursday, October 31. Tellabs will host an investor teleconference to discuss its results at 9:00 a.m. Central Time on Friday, November 1. To access a simultaneous webcast of the teleconference, go to the Tellabs website at ... (more)
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