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.

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Comments (4)
  • eXit11
    , contributor
    Comments (837) | Send Message
    Not an encouraging news for VMEM.
    16 Jun 2014, 09:50 AM Reply Like
  • rstran
    , contributor
    Comments (152) | 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 (39) | 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 (68) | 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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