Tekelec , a network equipment technology provider, agreed to be bought by a private equity group led by Siris Capital for about $780 million in cash. The consortium will pay $11 per share, representing a premium of 11 percent over Tekelec's Nov. 4 closing price of $9.90.
Tekelec is a provider of core network solutions. The Company?s solutions help enable billions of people and devices to talk, text, and access the Web. Shares of TKLC remained unchanged at $9.90. In the past year, the shares have traded as low as $5.68 and as high as $13.98. On average, 1088370 shares of TKLC exchange hands on a given day and today's volume is recorded at 0.
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