Key Developments: Telular Corp (WRLS.O)
12.65USD
17 May 2013
$0.01 (+0.08%)
$12.64
$12.65
$12.66
$12.61
184,333
178,753
$13.01
$7.05
Latest Key Developments (Source: Significant Developments)
Rigrodsky & Long, P.A. Announces Investigation Of Telular Corp
Rigrodsky & Long, P.A. announced that it is investigating potential legal claims against the board of directors of Telular Corporation (Telular or the Company) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Avista Capital Partners (Avista) in a transaction valued at approximately $253 million. Under the terms of the agreement, public shareholders of Telular will receive $12.61 per share in cash for each share of Telular they own. The investigation concerns whether Telular's board of directors failed to adequately shop the Company and obtain the best possible value for Telular's shareholders before entering into an agreement with Avista. According to Yahoo! Finance, at least one analyst has set a price target for Telular stock at $18.50. Full Article
Kahn Swick & Foti, LLC Investigates Telular Corp
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (KSF) announced that KSF has commenced an investigation into the Board of Directors of Telular Corp in connection with their conduct related to the sale of the Company to Avista Capital Partners. Under the terms of the proposed transaction, shareholders of Telular will receive $12.61 in cash for each share of Telular common stock that they own. KSF`s investigation is focusing on whether Telular and/or its officers and directors secured sufficient value for the shareholders of the Company, violated their fiduciary duties, and/or violated state or federal securities laws. Full Article
Law Firm Brower Piven Announces Investigation Of Telular Corp Proposed Buyout
Brower Piven, A Professional Corporation, announced that it has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Telular Corpo ("Telular" or the "Company") and other violations of state law by the board of directors of Telular relating to the proposed acquisition of the Company by Avista Capital Partners. The firm`s investigation seeks to determine, among other things, whether the board of directors of Telular breached their fiduciary duties by failing to maximize shareholder value. Full Article
Ryan & Maniskas, LLP Announces Investigation Of Telular Corp
Ryan & Maniskas, LLP announced that it is investigating potential claims against the board of directors of Telular Corporation concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to Avista Capital Partners in an all-cash deal valued at approximately $253 million. Investigation concerns possible breaches of fiduciary duty and other violations of law related to the approval of the transaction by the Company's board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of Telular. Full Article
Rigrodsky & Long, P.A. Announces Investigation Of Telular Corp
Rigrodsky & Long, P.A. announced that it is investigating potential legal claims against the board of directors of Telular Corp regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Avista Capital Partners in a transaction valued at approximately $253 million. Under the terms of the agreement, public shareholders of Telular will receive $12.61 per share in cash for each share of Telular they own. The investigation concerns whether Telular's board of directors failed to adequately shop the Company and obtain the best possible value for Telular's shareholders before entering into an agreement with Avista. According to Yahoo! Finance, at least one analyst has set a price target for Telular stock at $18.50. Full Article
Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of Telular Corp
Faruqi & Faruqi, LLP announced that it is investigating the Board of Directors of Telular Corp for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Avista Capital Partners in an all-cash deal valued at approximately $253 million. Under the terms of the proposed transaction, Telular stockholders will receive $12.61 in cash for each share of Telular common stock they own, while according to Yahoo Finance, at least one financial analyst has set a price target of $18.50 for Telular. The proposed transaction is structured as a tender offer and may be effectuated without a shareholder vote. Full Article
Harwood Feffer LLP Announces Investigation Of Telular Corp
Harwood Feffer LLP announced that it is investigating potential claims against the board of directors of Telular Corporation (Telular or the Company) concerning the proposed acquisition of the Company by Avista Capital Partners (Avista) in a transaction valued at approximately $253 million. On April 29, 2013, Telular announced that it had entered into a definitive agreement pursuant to which the Company will be acquired by Avista. Under the terms of the agreement, Avista will pay $12.61 per share of Telular common stock. Full Article
Pomerantz Law Firm Investigates Claims on Behalf of Investors of Telular Corp
Pomerantz Grossman Hufford Dahlstrom & Gross LLP announced that it is investigating claims on behalf of investors of Telular Corporation (Telular or the Company) concerning the proposed acquisition of Telular Corporation by Avista Capital Partners in a transaction valued at approximately $253 million in total consideration, including $18.5 million in assumed net debt. The investigation concerns whether the Telular directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, Telular shareholders will be entitled to receive $12.61 per share in cash for each share of Telular common stock. However, the price to EBITDA multiple is below comparable transactions' averages; and at least one analyst has set a target price of $18.50 per share for Telular common stock. Full Article
Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by Board of Telular Corp
Levi & Korsinsky announced that it is investigating the Board of Directors of Telular Corp (Telular or the Company) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Avista Capital Partners (Avista). Under the terms of the transaction, Avista will acquire Telular for $12.61 per share in cash and will assume approximately $18.5 million in debt. The transaction has a total, approximate value of $253 million. The investigation concerns whether the Telular Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the transaction, and whether Avista Capital Partners is underpaying for Telular stock, thus unlawfully harming Telular stockholders. In particular, at least one analyst set a price target for Telular stock at $18.50 per share. Full Article
Briscoe Law Firm and Powers Taylor, LLP Investigate Telular Corp Sale to Avista Capital Partners
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP announced that they are investigating the sale of Telular Corp (Telular) to Avista Capital Partners for shareholders. Under the terms of the proposed transaction valued at approximately $235 million, Telular shareholders will only receive $12.61 for each share of Telular stock owned, well below at least one analyst`s estimate of $18.50. The Telular sale investigation centers on whether Telular`s shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Telular`s stock, and whether Telular`s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Notably, according to one analyst with Yahoo! Finance, the true inherent value of Telular shares could be as high as $18.50 per share. Full Article
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