Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of 3PAR Inc.
Business Wire, August 17, 2010
BENSALEM, Pa. — Law Offices of Howard G. Smith announces that it is investigating
potential claims against the board of directors of 3PAR Inc. (3PAR or
the Company) (NYSE:PAR) related to the Companys agreement to be
acquired by Dell Inc. (Dell). The proposed transaction is valued at
approximately $1.15 billion.
Under the terms of the definitive merger agreement entered into by the
parties, Dell will commence a tender offer to acquire all of the
outstanding common stock of 3PAR for $18.00 per share in cash. Following
the completion of the tender offer, 3PAR will become an indirect wholly
owned subsidiary of Dell
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