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Frontier Communications Corporation Message Board

  • cd_iso cd_iso Oct 23, 2013 12:21 AM Flag

    Tellabs [TLAB] relating to Frontier Communications Network

    Source: PR Newswire

    OK

    NAPERVILLE, Ill., Oct. 21, 2013 /PRNewswire/ -- Tellabs (NASDAQ: TLAB) today announced that it has entered into a definitive merger agreement with entities affiliated with Marlin Equity Partners ("Marlin"), which provides that Marlin entities will acquire all of the outstanding shares of Tellabs for $2.45 per share in cash.

    The price per share represents a premium of 4.3% over the closing share price on October 18, 2013, and 13.3% over the 180-day volume-weighted average closing share price as of the same day. In addition, the offer represents a premium of 28.9% over the current 52-week-low closing share price, which occurred on April 17, 2013. The transaction value represents a total equity value of approximately $891 million on a fully diluted basis.

    Under the terms of the merger agreement, an affiliate of Marlin is required to commence a tender offer to acquire all outstanding shares of Tellabs' outstanding common stock for $2.45 per share in cash no later than November 1, 2013. The merger agreement provides that, promptly after the closing of the tender offer, any shares not tendered in the tender offer (other than shares for which appraisal is properly sought under applicable law) will be acquired in a second-step merger at the same cash price as paid in the tender offer.

    Closing of the tender offer and closing of the merger are subject to certain conditions, including the tender of at least a majority of the outstanding shares of Tellabs common stock (on a fully-diluted basis) and the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. The transaction is expected to close in the fourth quarter of 2013. The transaction is not subject to a financing condition.

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    • FYI maggie CEO --

      Just to let you know, I will be questioning any outages going forward , the dcs should be maintained, also your Roadm Network is also a Tellabs product in several state former gte. That, coupled with your Roadm Network and your Tellabs DCS, please consider very carefully what outages you may incur going forward with this sale of products.cd

      • 1 Reply to cd_iso
      • You both bring up good points. My point is on the larger scale we're talking about Titan 5500 and dcs that routes everything through the network. If TLAB is giving that up to a private equity firm, ouch me oh mya. What's going to happen to support in that realm. Yes the ROADM was put in after the fact, however I've seen too many time where you have these kind of equipment outages then everyone scrambles for spare cards. Not necessarily talking about the internet piece. What about spares for the other part of the Network? Hope they are looking at the fact TLAB is being bought out. BS -- I wasn't aware of the fact not diesel fuel in the CO's. That in itself it just unacceptable. Where?

    • Tellabs Roadm [frontier's nodes]. Tellabs Titan 5500 dcs. What great products imo. What now. Sometimes people don't realize sometimes what it took to build these networks. I helped build them from the 80's to now. Good luck VZ cleaning up this mess. If I were you I'd just provide them the trunks to the switch and let them stew on it.

 
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