Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Isilon Systems, Inc. in Connection with t...
16 Noviembre 2010 - 7:04PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Isilon Systems, Inc. (“Isilon” or the “Company”) (NASDAQ:ISLN)
related to the Company’s agreement to be acquired by EMC
Corporation (“EMC”). The proposed transaction is valued at
approximately $2.25 billion.
Under the terms of the definitive agreement entered into by the
parties, EMC will pay Isilon shareholders $33.85 in cash, in
exchange for each share they own of the Company’s common stock. The
board of directors of Isilon has unanimously approved the terms of
the agreement. The transaction is expected to close by the end of
2010. The investigation concerns possible breaches of fiduciary
duty and other violations of law related to approval of the
proposed transaction by Isilon’s board of directors.
If you are a shareholder of Isilon, if you have information or
would like to learn more about these claims, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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