Investigation of Dell/Compellent Deal by Kendall Law Group …

Kendall Law Group, led by former federal judge Joe Kendall, is investigating Compellent Technologies, Inc. for shareholders in connection with the proposed acquisition by Dell Inc. The national securities firm’s investigation seeks to determine whether Compellent Technologies and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders.

On December 13, 2010, the companies announced the definitive merger agreement under which Compellent Technologies would be acquired by Dell, in a transaction valued at approximately $820 million, net of Compellent’s cash. Under the terms of the agreement, Compellent Technologies stockholders will receive $27.75 in cash for each share of Compellent Technologies/CML common stock. According to Thompson/First Call, analysts have set a price target as high as $40.00 per share for Compellent stock. The firm seeks to determine whether the transaction provides proper value for Company shareholders.