Simpson Thacher Represents Blackstone and Morgan Stanley as Financial Advisors to Compellent Technologies, Inc. in Its Sale to Dell
12.17.10
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The Firm is representing Blackstone and Morgan Stanley in their roles as financial advisors to Compellent Technologies, Inc. (NYSE: CML) in its acquisition by Dell, Inc. (NASDAQ: DELL). Pursuant to the terms of the merger agreement, Dell will pay $27.75 per share in cash for each share of Compellent for a total equity value of approximately $960 million. The transaction, which is subject to approval by Compellent’s shareholders and customary closing conditions, is expected to close in early 2011.
Compellent is a provider of highly-virtualized storage solutions with automated data management features, including tiering and thin provisioning, for enterprise and cloud-computing environments.
The Simpson Thacher team includes: Peter Malloy, Ben Backberg and Kate Edwards.