Faruqi & Faruqi, LLP Announces the Investigation of Dot Hill Systems Corp. (HILL) Over the Proposed Sale of the Company to Seagate Technology
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Dot Hill Systems Corp. (“Dot Hill” or the “Company”) (NasdaqGM:HILL) for potential breaches of fiduciary duties in connection with the sale of the Company to Seagate Technology for approximately $694 million in a cash transaction.
The Company’s stockholders will only receive $9.75 for each share of Company common stock they own. However, the offer represents a negligible premium to Dot Hill’s August 21, 2015 opening price of $9.69 per share and it is below at least one analyst target price of $10.00 per share.
If you own common stock in Dot Hill and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
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