LAST MINUTE: Dell Officially in Talks With Compellent for Acquisition

Dell Inc. and Compellent Technologies, Inc. are engaged in advanced discussions regarding a possible business combination involving the two companies.

Dell and Compellent have entered into an exclusive agreement to negotiate a merger agreement in which Dell would acquire all of the outstanding common stock of Compellent at a price of $27.50 per share in cash.

There can be no assurances that an agreement will be reached or that a transaction will be consummated. Dell and Compellent do not intend to comment further until an agreement is reached or discussions are terminated.