Bull & Lifshitz, LLP Announces Investigation of the Acquisition of Isilon Systems, Inc.
20 November 2010 - 2:41AM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
acquisition of Isilon Systems, Inc. (NASDAQ: ISLN - News) (referred
to as "Isilon" or the “Company”) by EMC Corporation ("EMC") in a
cash transaction valued at approximately $2.25 billion, net of
Isilon's existing cash balance.
Under the terms of the transaction, EMC will pay $33.85 per
share in cash in exchange for each share of Isilon. The boards of
directors of both EMC and Isilon have unanimously approved the
terms of the agreement.
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company’s
shareholders.
If you are a holder of Isilon stock and want to discuss your
legal rights, you may e-mail or call Bull & Lifshitz, LLP who
will, without obligation or cost to you, attempt to answer your
questions.
If you are a shareholder of Isilon and would like more
information about our investigation, please contact Joshua M.
Lifshitz, Esq. by telephone at (866) 313-6222 or by sending an
e-mail including your contact information to:
counsel@nyclasslaw.com. All e-mail correspondence should make
reference to Isilon.
Bull & Lifshitz, LLP is a New York City-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2010 Bull & Lifshitz, LLP.
The law firm responsible for this advertisement is Bull &
Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212)
213-6222. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
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