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Tellabs to be taken private for $891 mln
October 21, 2013 / 11:23 AM / 4 years ago

Tellabs to be taken private for $891 mln

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.

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