N🟁N

Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of 3PAR Inc.

  //science-technology.news-articles.net/content/2 .. ation-on-behalf-of-shareholders-of-3par-inc.html
  Published in Science and Technology on Monday, August 16th 2010 at 17:40 GMT by Market Wire
          ^{🞛 This publication is a summary or evaluation of another publication}

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of 3PAR Inc. (a3PARa or the aCompanya) (NYSE:PAR) related to the Companya™s agreement to be acquired by Dell Inc. (aDella). The proposed transaction is valued at approximately $1.15 billion.

Under the terms of the definitive merger agreement entered into by the parties, Dell will commence a tender offer to acquire all of the outstanding common stock of 3PAR for $18.00 per share in cash. Following the completion of the tender offer, 3PAR will become an indirect wholly owned subsidiary of Dell. The proposed transaction is expected to close before the end of 2010. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by 3PARa™s board of directors.

If you own shares of 3PAR, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].