N@N

The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of Co

^{Published on 2010-12-13 07:40:25 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of Compellent Corporation (aCompellenta or the aCompanya) (NYSE: CML) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Dell, Inc. (aDella) (NasdaqGS: DELL). Under the terms of the transaction, Dell will pay $27.75 per share in cash for each share of Compellent for a total equity value of approximately $960 million, and an aggregate purchase price of approximately $820 million, net of Compellent's cash.

Click here to learn how to join the action: [ http://www.zlk.com/compellent-cml.html ], or call: 877-363-5972.

The investigation concerns whether the Compellent Board of Directors breached their fiduciary duties to Compellent stockholders by failing to adequately shop the Company before entering into this transaction and whether Dell is underpaying for Compellent shares, thus unlawfully harming Compellent stockholders. In particular, Compellent stock traded at $34.16 per share as recently as December 8, 2010 and at least one analyst set a price target for Compellent stock at $40.00 per share.

If you own common stock in Compellent and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit [ http://www.zlk.com/compellent-cml.html ].

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.