- 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.
at CNBC.com (Nov 17, 2014)