Posted Nov. 8, 2011 at 7:16 a.m.

Premium Lock Stampede sends Tekelec shares past $780M buyout value

Published: 2011-11-08 07:16:23
Updated: 2011-11-08 07:16:23

Tekelec Headquarters Morrisville, N.C.

Private equity firm Siris Capital Group and some additional partners have agreed to pay $11 a share for the Morrisville-based telecommunications company. But a buying frenzy sends stock as high as $11.49....

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