Tekelec/Siris Capital Group
On November 7, 2011, Tekelec (Nasdaq: TKLC) entered an agreement to be acquired by a consortium led by Siris Capital Group, LLC for $11.00 per share in cash, or an 11% premium to Friday's close. The total transaction is valued at approximately $780 million.
The Siris Capital Group, LLC led consortium includes affiliates of The ComVest Group, funds and accounts managed by GSO Capital Partners LP, Sankaty Advisors LLC, ZelnickMedia and other Siris limited partners and affiliates.
The deal is expected to close during Q112, pending shareholder approval, regulatory approvals and customary closing conditions.
Goldman, Sachs & Co. is acting as financial advisor, and Bryan Cave LLP and Akin Gump Strauss Hauer & Feld LLC are acting as legal counsel to Tekelec.
The Siris Capital Group, LLC led consortium includes affiliates of The ComVest Group, funds and accounts managed by GSO Capital Partners LP, Sankaty Advisors LLC, ZelnickMedia and other Siris limited partners and affiliates.
The deal is expected to close during Q112, pending shareholder approval, regulatory approvals and customary closing conditions.
Goldman, Sachs & Co. is acting as financial advisor, and Bryan Cave LLP and Akin Gump Strauss Hauer & Feld LLC are acting as legal counsel to Tekelec.
