Tellabs to be taken private for $891 mln

Mon Oct 21, 2013 7:19am EDT

Oct 21 (Reuters) - Network services provider Tellabs Inc agreed to be bought by Marlin Equity Partners for $891 million.

Entities affiliated with Marlin offered $2.45 a share, representing a 4.3 percent premium to Tellabs' Friday closing.

The deal is expected to close in the fourth quarter of 2013, Tellabs said.