Investor Group Buys Mobile Broadband Solutions Company Tekelec For $780M

Tekelec, a publicly listed mobile broadband solutions provider, is to be acquired by an investor group in a transaction valued at approximately $780 million (or $11 per share) in cash. The investor consortium making the buy is led by private equity firm Siris Capital Group and includes affiliates of The ComVest Group, funds and accounts managed by GSO Capital Partners Sankaty Advisors ZelnickMedia and other Siris LPs and affiliates.

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