… And Howard G. Smith
For the same reason
This is a Press Release edited by StorageNewsletter.com on August 17, 2010 at 3:47 pmLaw Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of 3PAR Inc. related to the Company’s agreement to be acquired by Dell Inc. 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 3PAR’s board of directors.