Confirmed: Dell Buys Storage Company Compellent For $820 Million

Monday, 13 December 2010 13:43

Confirmed: Dell Buys Storage Company Compellent For $820 Million

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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.