New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 16, 2014
08:03 EDTFIO, SNDKSanDisk announces expiration of HSR waiting period for Fusion-io purchase
SanDisk Corporation (SNDK) announced that the waiting period for U.S. antitrust review under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, relating to SanDisk’s proposed acquisition of Fusion-io (FIO), expired at 11:59 P.M., Eastern time, on Tuesday, July 15. In addition, SanDisk and Fusion-io have determined that no pre-merger notifications are required to be filed in the Federal Republic of Germany with respect to the proposed acquisition. As previously announced on June 16, SanDisk has entered into a definitive agreement to acquire Fusion-io in an all-cash transaction valued at approximately $1.1B, net of cash assumed. Under the terms of the agreement, SanDisk commenced a tender offer on June 24 for all outstanding shares of Fusion-io for $11.25 per share in cash. The expiration of the HSR waiting period, together with the determination that no pre-merger notifications are required to be filed in the Federal Republic of Germany, satisfies one of the conditions to close the tender offer. Other conditions remain to be satisfied, including the valid tender of at least a majority of outstanding Fusion-io shares. The tender offer is scheduled to expire at 12:00 midnight, New York City time, at the end of the day on Tuesday, July 22 unless the tender offer is extended or terminated earlier.
News For SNDK;FIO From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 28, 2014
07:04 EDTSNDKDRAM market to grow 34% in 2014, says JPMorgan
Subscribe for More Information
November 19, 2014
10:29 EDTSNDKGoogle now top competitor to Apple, Jefferies says
Subscribe for More Information
08:08 EDTSNDKSanDisk Ventures announces investment in Altair Semiconductor
Subscribe for More Information
November 18, 2014
09:56 EDTSNDKOn The Fly: Analyst Initiation Summary
Subscribe for More Information
08:18 EDTSNDKSanDisk initiated with a Buy at BTIG
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use