SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Dot Hill Systems Corp. And Encourages In...
August 25 2015 - 3:35PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Dot Hill Systems Corp. (“Dot Hill”
or the “Company”) (NasdaqGM: HILL) relating to the proposed buyout
of the Company by Seagate Technology Plc.
On August 18, 2015, the Company announced it had reached a
definitive agreement for Seagate to acquire Dot Hill in a
transaction valued at approximately $694 million. Under the
terms of the transaction, Dot Hill shareholders are anticipated to
receive $9.75 in cash for each share of Dot Hill common stock held.
The firm’s investigation seeks to determine, among other things,
whether the Company’s Board of Directors failed to satisfy their
duties to shareholders, including whether the Board adequately
pursued alternatives to the acquisition and whether the Board
obtained the best price possible for the Company’s shares of common
stock.
If you currently own common stock of Dot Hill and believe that
the proposed buyout price is too low, or you would like to learn
more about the investigation being conducted by Brower Piven,
please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150825006294/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
(MM) (NASDAQ:HILL)
Historical Stock Chart
From Nov 2024 to Dec 2024
(MM) (NASDAQ:HILL)
Historical Stock Chart
From Dec 2023 to Dec 2024
Real-Time news about (MM) (NASDAQ): 0 recent articles
More Dot Hill Systems Corp. (MM) News Articles