Finkelstein Thompson Investigates Dell/Compellent Deal

Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Compellent Technologies, Inc. concerning an exclusive agreement between the Company and Dell Inc., to negotiate a merger agreement in which Dell would acquire all of Compellent’s outstanding common stock for $27.50 per share in cash. The total consideration value would be roughly $876 million.

The investigation is focused on the potential unfairness of the deal price to Compellent shareholders, the process by which the Board of Directors has been considering the transaction, and potential conflicts of interests among Compellent Board members.

Compellent’s share price has traded as high as $34.16 per share in recent days, prompting several media outlets to refer to the potential deal as a ‘take under’. Indeed, Yahoo! Finance reports that at least one equities analyst has published a $40 per share target price for Compellent stock.