Howard G. Smith Investigating Compellent’s Acquisition by Dell …

Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Compellent Technologies, Inc. related to a proposal for the Company to be acquired by Dell Inc. in an all-cash transaction.

On December 9, 2010, Dell and Compellent jointly announced they have entered into an exclusive agreement to negotiate a merger agreement in which Dell would acquire all of the outstanding common stock of Compellent for $27.50 per share in cash.

Compellent shares traded as high as $27.74 as recently as December 2, 2010. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by Compellent’s board of directors.