Seeking Alpha

SanDisk buys Fusion-io for $1.1B

  • SanDisk (SNDK) agrees to acquire Fusion-io (FIO) in an all-cash transaction valued at $1.1B.
  • The $11.25 per share offer is expected to close during SanDisk's FQ3.
  • The combination of the two tech companies is forecast to be accretive in the second half of SanDisk's FY15.
  • FIO +23.1% premarket to $11.42.
Comments (4)
  • samurat
    , contributor
    Comments (179) | Send Message
     
    Not an encouraging news for VMEM.
    16 Jun 2014, 09:50 AM Reply Like
  • rstran
    , contributor
    Comments (107) | Send Message
     
    and what's your opinion, should I sell my FIO, or is there some reason to hold it at this point?
    16 Jun 2014, 10:07 AM Reply Like
  • Jayadams22
    , contributor
    Comments (28) | Send Message
     
    I'm wondering the same thing, sell or keep FIO? Could get a higher bid but it seems unlikely...
    16 Jun 2014, 10:35 AM Reply Like
  • texasredraider
    , contributor
    Comments (46) | Send Message
     
    I'd hold it. Sandisk is a well run company with great scale. Of course, there's always a chance a competitor who doesn't want Fusion in Sandisk's hands will come in with a higher bid. Hold for now definitely.
    16 Jun 2014, 01:24 PM Reply Like
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