… Howard G. Smith …
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This is a Press Release edited by StorageNewsletter.com on November 17, 2010 at 3:30 pmLaw Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Isilon Systems, Inc. related to the Company’s agreement to be acquired by EMC Corporation. The proposed transaction is valued at approximately $2.25 billion.
Under the terms of the definitive agreement entered into by the parties, EMC will pay Isilon shareholders $33.85 in cash, in exchange for each share they own of the Company’s common stock. The board of directors of Isilon has unanimously approved the terms of the agreement. The transaction is expected to close by 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 Isilon’s board of directors.











