Science & Technology
Science and Technology
Science and Technology 
Tue, December 14, 2010
Mon, December 13, 2010
Kendall Law Group Investigates Compellent Technologies, Inc. Acquisition for Shareholders
DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], led by former federal judge Joe Kendall, is investigating Compellent Technologies, Inc. (NYSE: CML) for shareholders in connection with the proposed acquisition by Dell Inc. The national securities firma™s investigation seeks to determine whether Compellent Technologies and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Compellent Technologies shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at [ skendall@kendalllawgroup.com ].
On December 13, 2010, the companies announced the definitive merger agreement under which Compellent Technologies would be acquired by Dell, in a transaction valued at approximately $820 million, net of Compellent's cash. Under the terms of the agreement, Compellent Technologies stockholders will receive $27.75 in cash for each share of Compellent Technologies/CML common stock. According to Thompson/First Call, analysts have set a price target as high as $40.00 per share for Compellent stock. The firm seeks to determine whether the transaction provides proper value for Company shareholders.
Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.