Scalper1 News
Flash storage chipmaker SanDisk (SNDK) on Monday announced an agreement to acquire Fusion-io (FIO), a developer of flash-based hardware and software for enterprise data centers, for $1.1 billion. SanDisk agreed to pay $11.25 a share in cash for Fusion-io, a 21% premium to Fusion-io’s closing price on Friday. In late-morning trading Monday, Fusion-io stock was up 23%, near 11.40, reflecting investor hopes for a possible competing bid. Fusion-io Scalper1 News
Scalper1 News