NEW YORK -- (Business Wire)
Tripp Levy PLLC, a leading national securities firm, announces an
investigation into the proposed acquisition of Compellent Technologies
Inc. (NYSE: CML) by Dell Inc. (NASDAQ: DELL). On December 13, 2010,
Compellent announced that it entered into a definitive merger agreement
for Dell to acquire Compellent’s outstanding shares for $27.75 per share.
The investigation concerns, among other things, whether the
consideration to be paid to Compellent shareholders is grossly unfair,
inadequate, and substantially below the fair or inherent value of
Compellent. Indeed, analysts have projected that Compellent’s true
inherent value is at least $40 per share.
In addition, on December 16, 2010, Compellent announced that its Board
of Directors had adopted a stockholder rights plan, which was enacted to
prevent an unsolicited bid by a third party to acquire Compellent,
despite whether such acquisition will result in a higher buyout price
for Compellent’s shareholders.
The investigation further concerns whether the board of directors of
Compellent may have breached their fiduciary duties by not acting in
Compellent shareholders' best interests in connection with the sale
process of Compellent.
If you own Compellent common stock and you wish to discuss this matter
with us, or have any questions concerning your rights and interests with
regard to this matter, please contact
Tripp Levy
Tripp Levy PLLC
125 East 82nd Street
9th
Floor
New York, New York
Toll Free: 877-772-3975
Email: contact@tripplevy.com
Tripp Levy PLLC is a national law firm that specializes in mergers &
acquisitions, takeover litigation, shareholder rights, and corporate
governance matters in state and federal courts throughout the United
States.
Attorney advertising. Prior results do not guarantee a similar outcome.
Contacts:
Tripp Levy PLLC
Tripp Levy 877-772-3975
contact@tripplevy.com
Source: Tripp Levy PLLC
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