Breaking News Bar

Business News and Information

EQUITY ALERT: The Rosen Law Firm Announces Investigation of Fusion-io, Inc. (FIO) Concerning the Proposed Acquisition by SanDisk Corp. (SNDK)

The Rosen Law Firm, P.A. is investigating the Board of Directors of Fusion-io, Inc. (NYSE:FIO) for possible breaches of fiduciary duties and other violations of law by failing to adequately shop Fusion-io to maximize shareholder value before entering into an agreement with SanDisk Corp. (NASDAQ:SNDK).

If you would like to join the action, please call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free, at 866-767-3653; or email at pkim@rosenlegal.com or kchan@rosenlegal.com or visit the website http://rosenlegal.com/buyoutcases.html. There is no cost or obligation to you.

Under the terms of the proposed transaction, shareholders will receive $11.25 in cash for each share of Fusion-io stock they own. The offer of $11.25 per share falls well below Fusion-io’s 52-week high of $15.59 per share. Furthermore, the proposed transaction is valued at approximately $1.1 billion, which is $370 million less than Fusion-io’s 2011 IPO valuation. The investigation relates to whether the proposal is fair to public shareholders and whether Fusion-io’s Board of Directors breached its fiduciary duties in connection with the proposed transaction.

If you own and purchased Fusion-io common stock before June 16, 2014 and wish to obtain additional information, please visit the website at http://rosenlegal.com/buyoutcases.html. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contacts:

The Rosen Law Firm P.A.
Phillip Kim, Esq.
Laurence Rosen, Esq.
Kevin Chan, Esq.
275 Madison Avenue 34th Floor
New York, New York 10016
Tel: 212-686-1060
Toll Free: 1-866-767-3653
Fax: 212-202-3827
pkim@rosenlegal.com
lrosen@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
bottom clear