NEW YORK, Nov. 7, 2011 /PRNewswire/ — Tripp Levy PLLC, a leading national securities law firm, announces an investigation into the proposed acquisition of Tekelec (NASDAQ: TKLC) by a consortium of investors led by Siris Capital Group. Under the terms of the agreement, all outstanding shares of Tekelec will be acquired for $11 per share in cash.

The investigation concerns, among other things, whether the consideration to be paid to Tekelec shareholders is unfair, inadequate, and substantially below the fair or inherent value of Tekelec. Indeed, analysts estimate the true inherent value of the stock is worth at least $16 per share. The investigation further concerns whether the board of directors of Tekelec may have breached their fiduciary duties by not acting in Tekelec shareholders’ best interests in connection with the sale process of Tekelec.

If you own Tekelec common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact

Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.

Contacts
Tripp Levy PLLC
Tripp Levy, 877-772-3975
contact@tripplevy.com

SOURCE Tripp Levy PLLC