Fusion-io (FIO) Gets New Buyout Buzz
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Fusion-io, Inc. (NYSE: FIO) is fractionally lower early Thursday despite takeover buzz surrounding the name.
A new Bloomberg Real M&A article speculates about a takeover of the flash- memory technology maker, only adding to recent chatter.
The article, quoiting analysts at ThinkEquity LLC, suggests the stock could be worth as much as $40 per share in a deal. This would be a 70 percent premium to its current price of $23.50.
"Fusion-io is one of the pioneers" in the shift to flash- based storage, ThinkEquity analyst Rajesh Ghai said in a phone interview with Bloomberg. "If you have a company that’s in an attractive market and has leadership in that technology, it is going to be a strong acquisition candidate."
Companies including Dell (Nasdaq: DELL), Hewlett- Packard (NYSE: HPQ) and IBM (NYSE: IBM) are being mentioned as possible suitors.
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A new Bloomberg Real M&A article speculates about a takeover of the flash- memory technology maker, only adding to recent chatter.
The article, quoiting analysts at ThinkEquity LLC, suggests the stock could be worth as much as $40 per share in a deal. This would be a 70 percent premium to its current price of $23.50.
"Fusion-io is one of the pioneers" in the shift to flash- based storage, ThinkEquity analyst Rajesh Ghai said in a phone interview with Bloomberg. "If you have a company that’s in an attractive market and has leadership in that technology, it is going to be a strong acquisition candidate."
Companies including Dell (Nasdaq: DELL), Hewlett- Packard (NYSE: HPQ) and IBM (NYSE: IBM) are being mentioned as possible suitors.
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