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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Dot Hill Systems Corp (NASDAQ: HILL) acted responsibly on behalf of investors’ profitability in the planned $694 million sale to Seagate Technology plc (NASDAQ: STX).
On August 18, 2015, Dot Hill Systems Corp (NASDAQ: HILL) and Seagate Technology plc (NASDAQ: STX) announced that they had entered into a merger agreement. Under the terms of the merger agreement, Seagate will offer Dot Hill shareholders $9.75 per share in cash for all outstanding shares.
Based in Longmont, CO, and founded in 1988 Dot Hill Systems Corp designs, manufactures, and markets a variety of software and hardware storage systems for the entry and mid-range storage markets worldwide. Its products include AssuredSAN and AssuredVRA, both of which are data protection software products that provide additional layers of data protection.
The investigation focuses on whether NASDAQ: HILL investors received the highest price and whether the directors of Dot Hill Systems Corp acted in the best interest of Dot Hill Systems Corp company and its shareholders.
If you purchased Dot Hill Systems Corp (NASDAQ: HILL) prior to August 18, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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