NEW YORK, Aug. 24, 2015 /PRNewswire/ -- 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 24, 2015 opening price of $9.62 per share and it is below at least one
analyst target price of $10.00 per
share.
Click here for more information:
www.faruqilaw.com/HILL. There is no cost or obligation to
you.
The investigation focuses on whether Dot
Hill's Board of Directors breached their fiduciary duties to
the Company's stockholders by failing to conduct a fair sales
process and whether and by how much this proposed transaction
undervalues the Company to the detriment of Dot Hill's shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The
firm is focused on providing exemplary legal services in complex
litigation in the areas of securities, shareholder, antitrust and
consumer litigation, throughout all phases of litigation. The
firm has an experienced trial team which has achieved significant
victories on behalf of the firm's clients. To keep track of the
latest securities litigation news, follow us on Twitter at
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If you own common stock in Dot Hill and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/HILL or contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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The law firm responsible for this advertisement is Faruqi &
Faruqi, LLP (www.faruqilaw.com). Prior results do not
guarantee or predict a similar outcome with respect to any future
matter. We are happy to discuss your particular case.
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