Law Office of Jonathan M. Stein, P.L. Investigates Possible Breach of Fiduciary Duty by the Board of Compellent Technologies,...
14 12월 2010 - 8:18AM
Business Wire
The Law Office of Jonathan M. Stein, P.L. is investigating the
Board of Directors of Compellent Technologies, Inc. ("Compellent"
or the "Company") (NYSE: CML) for possible breaches of fiduciary
duty and other violations of state law in connection with their
attempt to complete a sale of the Company to Dell Inc. Under the
terms of the proposed transaction, Compellent shareholders are to
receive $27.75 per share in cash for each share of Compellent for a
total equity value of approximately $960 million, and an aggregate
purchase price of approximately $820 million, net of Compellent’s
cash.
The investigation involves whether the Board of Directors of
Compellent breached their fiduciary duties to Compellent
stockholders by failing to adequately shop the Company before
agreeing to enter into the transaction and whether Compellent has
disclosed all material information to shareholders about the
proposed transaction. According to Yahoo Finance, at least one
analyst has set a price target of $40.00 per share for Compellent
stock. Further, prior to the public speculation of a transaction,
Compellent stock has increased over 125% since August 2010.
If you own stock in Compellent and wish to obtain additional
information about your rights, or if you have information regarding
the above investigation, please contact Jonathan M. Stein, Esq.
either via email at jstein@jonathansteinlaw.com or by telephone at
561-961-2244.
The Law Office of Jonathan M. Stein, P.L. represents
shareholders and consumers in complex litigation, including class
action and derivative litigation. More information about the firm
is available through its website, www.jonathansteinlaw.com, and
upon request from the firm. Jonathan M. Stein is the attorney
responsible for the content of this release.
CONTACT: Jonathan M. Stein, Esq. Law Office of Jonathan M.
Stein, P.L. 120 E. Palmetto Park Rd., Suite 420 Boca Raton, FL
33432 561-961-2244
jstein@jonathansteinlaw.com
www.jonathansteinlaw.com
Compellent Technologies (NYSE:CML)
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Compellent Technologies (NYSE:CML)
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