Science & Technology
Science and Technology
Science and Technology
Thu, December 9, 2010
Wed, December 8, 2010
Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Compellent Technologies, Inc., in Connectio
BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Compellent Technologies, Inc. (aCompellenta or the aCompanya) (NYSE:CML) related to a proposal for the Company to be acquired by Dell Inc. (aDella) in an all-cash transaction.
On December 9, 2010, Dell and Compellent jointly announced they have entered into an exclusive agreement to negotiate a merger agreement in which Dell would acquire all of the outstanding common stock of Compellent for $27.50 per share in cash. Compellent shares traded as high as $27.74 as recently as December 2, 2010. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by Compellenta™s board of directors.
If you are a shareholder of Compellent, 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 ].
