STEVENSON, Md., Aug. 28, 2015 /PRNewswire/ -- The securities
litigation law firm of Brower Piven, A Professional Corporation,
has commenced an investigation into possible breaches of fiduciary
duty and other violations of state law by the Board of Directors of
Dot Hill Systems Corp. ("Dot Hill"
or the "Company") (NasdaqGM: HILL) relating to the proposed buyout
of the Company by Seagate Technology Plc.
On August 18, 2015, the Company
announced it had reached a definitive agreement for Seagate to
acquire Dot Hill in a transaction
valued at approximately $694 million. Under the terms of the
transaction, Dot Hill shareholders
are anticipated to receive $9.75 in
cash for each share of Dot Hill common stock held. The firm's
investigation seeks to determine, among other things, whether the
Company's Board of Directors failed to satisfy their duties to
shareholders, including whether the Board adequately pursued
alternatives to the acquisition and whether the Board obtained the
best price possible for the Company's shares of common stock.
If you currently own common stock of Dot Hill and believe that
the proposed buyout price is too low, or you would like to learn
more about the investigation being conducted by Brower Piven,
please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You
may also request more information by contacting Brower Piven either
by email at hoffman@browerpiven.com or by telephone at (410)
415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
CONTACT:
Charles J. Piven / Brower Piven, A
Professional Corporation
1925 Old Valley Road / Stevenson,
Maryland 21153
Telephone: 410-415-6616 / hoffman@browerpiven.com
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SOURCE Brower Piven, A Professional Corporation