[May 13, 2013] Avista Capital Partners announces commencement of tender offer for all outstanding shares of Telular at USD12.61 per share Tweet May 13, 2013 (M2 EQUITYBITES via COMTEX) -- Private equity firm Avista Capital Partners announced on Friday that ACP Tower Merger Sub Inc has commenced its cash tender offer for all outstanding shares of common stock of Telular Corporation (Nasdaq:WRLS) at a price of USD12.61 net per share, without interest and less applicable withholding taxes thereon. This tender offer is being made in connection with the Agreement and Plan of Merger, dated 29 April 2013, among Telular, ACP Tower Merger Sub and ACP Tower Holdings LLC. Both ACP Tower Merger Sub and ACP Tower Holdings LLC are controlled by Avista Capital Partners. Reportedly, the Telular board of directors has unanimously approved the proposed acquisition by Avista Capital Partners and has recommended that Telular's stockholders accept the offer and tender their shares to the Purchaser in the tender offer. This tender offer and withdrawal rights are scheduled to expire at midnight, New York City time on 7 June 2013, unless the tender offer is extended or earlier terminated. Telular Corporation is a provider of remote monitoring and asset tracking solutions. Comments on this story may be sent to [email protected] [ Back To TMCnet.com's Homepage ]