Tekelec Announces Completion of Acquisition

MORRISVILLE, NC--(Marketwire - Jan 27, 2012) - Tekelec (NASDAQ: TKLC) today announced the completion of its acquisition by a consortium led by Siris Capital Group, LLC ("Siris") and including affiliates of The ComVest Group, funds and accounts managed by GSO Capital Partners LP, Sankaty Advisors LLC, ZelnickMedia and other Siris limited partners and affiliates, in a transaction valued at approximately $780 million. The transaction was initially announced on November 7, 2011 and was approved by Tekelec's shareholders on January 25, 2012.

January 27, 2012 | Filed Under Mergers and Acquisitions 

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