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Confirmed: Dell Buys Storage Company Compellent For $820 Million

December 13th, 2010 12:43 admin Leave a comment Go to comments

Dell has officially announced its intent to pick up Compellent, a provider of storage solutions with automated data management features for enterprise and cloud environments.

Dell will pay $27.75 per share in cash for each share of Compellent for a total equity value of approximately $960 million, and aggregate purchase price of about $820 million, net of Compellent’s cash.

This is slightly more than what Dell initially named as the terms of the merger agreement last week.

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Source: Confirmed: Dell Buys Storage Company Compellent For $820 Million

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