Fusion-io (FIO) Has High Chance of Being Acquired; Craig-Hallum Upgraded to Buy
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Piper Jaffray Upgrades Fusion-io (FIO) to Overweight
September 10, 2013 7:10 AM EDTPiper Jaffray upgraded Fusion-io (NYSE: FIO) from Neutral to Overweight with a price target of $17.00 (from $12.00).
For an analyst ratings summary and ratings history on Fusion-io click here. For more ratings news on Fusion-io click here.
Shares of Fusion-io closed at $13.60 yesterday, with a 52 week range of $10.39-$32.63.... More
Western Digital (WDC) to Acquire Virident Systems in $685M Deal
September 9, 2013 7:32 AM EDTWestern Digital Corp. (Nasdaq: WDC) and Virident Systems, Inc. announced today that they have entered into a definitive merger agreement under which Virident, a provider of server-side flash storage solutions, will be acquired by HGST, a wholly owned subsidiary of Western Digital. Virident will be acquired for approximately $685 million in cash. This represents approximately $645 million in enterprise value, net of Virident's estimated cash... More
