Compellent (CML) Reverses Earlier Losses On More Takeover Spec
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After trading down earlier 7 percent earlier today, rumored takeover target Compellent Technologies, Inc. (NYSE: CML) has moved positive on the session.
Shares are currently up fractionally to $17.82.
Shares of Compellent are up 50 percent since the bidding war for 3Par (NYSE: PAR) started on August 16.
Compellent is seen as an attractive takeover target and now that Dell (Nasdaq: DELL) has lost out on 3Par, they could turn their attention to the company.
Analysts at Wedbush, claims that Compellent would be a better option anyway for Dell since the mid-tier storage market is growing faster than high-end storage.
Shares are currently up fractionally to $17.82.
Shares of Compellent are up 50 percent since the bidding war for 3Par (NYSE: PAR) started on August 16.
Compellent is seen as an attractive takeover target and now that Dell (Nasdaq: DELL) has lost out on 3Par, they could turn their attention to the company.
Analysts at Wedbush, claims that Compellent would be a better option anyway for Dell since the mid-tier storage market is growing faster than high-end storage.
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