Global investment company Marlin Equity Partners announced Monday plans to acquire networking solutions provider Tellabs, according to a press release.
According to financial details offered by the press release, the buyout represents a total equity vale of about $891 million.
Marlin partner Nick Kaiser said the deal will allow the company to “capitalize on the growth in the telecom network equipment sector.”
The acquisition remains subject to Tellabs shareholder approval as well as federal regulatory approval.
Full content: Market Watch
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