SanDisk (SNDK) Inks $1.1B Deal to Buy Fusion-io (FIO)

Shares of Fusion-IO (FIO) jumped more than 25 percent Monday morning on news Flash memory maker SanDisk (SNDK) is buying the company in an all-cash deal worth about $1.1 billion. SanDisk has agreed to pay Fusion-IO $11.25 per share, a premium of 21% to Fusion-io’s closing price on June 13, and expects the deal will […] View the full post at: SanDisk (SNDK) Inks $1.1B Deal to Buy Fusion-io (FIO) Related posts: Samsung Electronics May Acquire SanDisk Corporation A123 Systems Surges on Joint Venture Battery Deal with China’s SAIC Motor Greenback Nowhere But Down Long Term… Deal With It