… As Well as Roy Jacobs & Associates …
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This is a Press Release edited by StorageNewsletter.com on December 10, 2010 at 3:07 pmRoy Jacobs & Associates is investigating possible claims on behalf of shareholders of Compellent Technologies, Inc. concerning the possible acquisition of Compellent by Dell Inc. for below fair value.
The investigation is focused on potential breaches of fiduciary duty on the part of the Compellent Board of Directors involving the possible acquisition of the Company at less than fair value.
In this regard, on December 8, 2010, the Company’s stock closed at $33.65 a share. However, reports indicate that a potential acquisition by Dell would value the Company at only $27.50 per share. On this news, Compellent shares fell 13% to $29.25.