Dell eyes Compellent merger, 'advanced discussions' underway | ZDNet

▤ Summary

Dell, which lost a bid to acquire 3Par to Hewlett-Packard, is in advanced talks to purchase Compellent Technologies, a key storage player. In a statement, Dell and Compellent said they are in "advanced discussions regarding a possible business combination involving the two companies." The problem: Dell and Compellent are talking about a price of $27.50 in cash for each share of the storage company. If you bought Compellent shares above $30 hoping for a buyout, youre not too happy right now. Dell needs to bolster its storage business and is running out of acquisition targets.

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