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Private Equity Group Buying Tekelec

A major take-over is in the works in the North Carolina technology sector.

Morrisville-based Tekelec is a mobile broadband solutions company with 25 offices worldwide.  Its expertise is helping phone companies enable text messaging.  But Reuters reports, the company is shifting to newer products, like data and video for 3-G and Long-Term Evolution networks.  The take-over announced Monday was led by The Siris Capital – a private equity firm.  The deal is worth 780-million dollars.  But shares rose above the buy-out price yesterday, possibly attracting other suitors.  Currently there are 625 workers at the Tekelec Morrisville headquarters – 12-hundred-50 workers worldwide.

Leoneda Inge is the co-host of WUNC's "Due South." Leoneda has been a radio journalist for more than 30 years, spending most of her career at WUNC as the Race and Southern Culture reporter. Leoneda’s work includes stories of race, slavery, memory and monuments. She has won "Gracie" awards, an Alfred I. duPont Award and several awards from the Radio, Television, Digital News Association (RTDNA). In 2017, Leoneda was named "Journalist of Distinction" by the National Association of Black Journalists.
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