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Stock Market & Financial Investment News

News Breaks
June 16, 2014
07:48 EDTSNDK, FIOSanDisk to acquire Fusion-io in all-cash deal valued at approximately $1.1B
SanDisk Corporation (SNDK) announced a definitive agreement to acquire Fusion-io (FIO), a 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 $1.1B, net of cash assumed. Under the terms of the agreement, SanDisk will commence a tender offer for all outstanding shares of Fusion-io for $11.25 per share in cash. SanDisk will fund the acquisition with cash available on its balance sheet. The transaction, which has been approved by the boards of directors of both companies, is subject to customary closing conditions, including clearance from relevant regulatory authorities and the completion of the tender offer. It is expected that the transaction will close in the third quarter of SanDisk’s fiscal 2014 and be accretive to non-GAAP earnings in the second half of SanDisk’s fiscal 2015. Goldman, Sachs & Co. acted as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to SanDisk. Qatalyst Partners acted as financial advisor and Wilson Sonsini Goodrich & Rosati acted as legal advisor to Fusion-io.
News For SNDK;FIO From The Last 14 Days
Check below for free stories on SNDK;FIO the last two weeks.
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August 27, 2014
07:43 EDTSNDKJefferies to hold a summit
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06:07 EDTSNDKStocks with implied volatility below IV index mean; SNDK WAG
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August 26, 2014
06:09 EDTSNDKStocks with implied volatility below IV index mean; SNDK WAG
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August 25, 2014
06:15 EDTSNDKStocks with implied volatility below IV index mean; SNDK WAG
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August 22, 2014
05:44 EDTSNDKStocks with implied volatility below IV index mean; SNDK WAG
Stocks with implied volatility below IV index mean; SanDisk (SNDK) 23, Walgreen (WAG) 20 according to iVolatility.
August 21, 2014
08:49 EDTSNDKSanDisk gross margins to get boost from FIO, says Sterne Agee
Sterne Agee expects SanDisk's gross margins to be boosted from the integration of the FIO Enterprise SSD unit, whose acquisition closed on July 23. The firm adds that the company's new Malaysia factory should drive its tax rate lower over time. Sterne Agee keeps a $125 price target and Buy rating on the shares.
06:12 EDTSNDKDRAM prices making downward correction with oversupply concerns, DigiTimes says
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05:50 EDTSNDKStocks with implied volatility movement; QCOM SNDK
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August 13, 2014
06:02 EDTSNDKStocks with implied volatility below IV index mean; SNDK KMP
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