Credit Suisse Downgrades Fusion-io (FIO) to Neutral
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SanDisk (SNDK) to Acquire Fusion-io (FIO) in $1.1B Deal
June 16, 2014 7:48 AM EDTSanDisk Corporation (NASDAQ: SNDK), a global leader in flash storage solutions, today announced a definitive agreement to acquire Fusion-io (NYSE: FIO), a leading developer of flash-based PCIe hardware and software solutions that enhance application performance in enterprise and hyperscale datacenters. The acquisition will be an all-cash transaction valued at approximately $1.1 billion, net of cash assumed.
Fusion-io will accelerate our efforts to enable the flash-transformed data center, helping... More
