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Stock Market & Financial Investment News

News Breaks
July 16, 2014
08:03 EDTSNDK, FIOSanDisk 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
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March 26, 2015
17:08 EDTSNDKSanDisk downgraded to Hold from Buy at Evercore ISI
Evercore downgraded SanDisk to Hold and lowered its price target on the company to $68 after SanDisk's second negative pre-announcement of the quarter. SanDisk was also downgraded earlier today by Goldman Sachs, BofA/Merrill, and BTIG.
16:20 EDTSNDKOn The Fly: Closing Wrap
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14:53 EDTSNDKSanDisk still has risk following another pre-announcment, says Nomura
Nomura still sees risk to SanDisk's valuation following another pre-announcement. The firm sees share pressure from a number of different ways and believes shares could trade down to the $55-$60 price target. Shares are rated Reduce by the firm.
14:17 EDTSNDKSanDisk downgraded to Buy from Conviction Buy at Goldman
Goldman Sachs downgraded SanDisk to Buy citing poor execution after the company cut its revenue outlook.
12:27 EDTSNDKOn The Fly: Midday Wrap
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11:57 EDTSNDKSanDisk weakness likely company specific, says Piper Jaffray
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10:34 EDTSNDKSanDisk downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill downgraded SanDisk to Neutral with a $85 price target due to the unexpected guidance cut.
10:04 EDTSNDKOn The Fly: Analyst Downgrade Summary
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09:49 EDTSNDKSanDisk tumbles after cutting outlook, bearish pattern active, levels to watch
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09:23 EDTSNDKOn The Fly: Pre-market Movers
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08:43 EDTSNDKSanDisk downgraded to Neutral from Buy at BTIG
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08:26 EDTSNDKSemi stocks less likely to rebound now than in 4Q14, says Goldman
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08:06 EDTSNDKSanDisk volatility elevated into lower forecast
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07:15 EDTSNDKNetlist comments on jury verdict from Northern District Court of California
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07:00 EDTSNDKSanDisk drops 14% after cutting Q1, 2015 revenue outlook
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05:43 EDTSNDKSanDisk lowers Q1 revenue guidance to $1.3B from $1.4B-$1.45B, consensus $1.44B
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March 19, 2015
08:18 EDTSNDKSanDisk to benefit from 3D NAND, says Morgan Stanley
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March 17, 2015
10:26 EDTSNDKOptions with increasing implied volatility
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08:07 EDTSNDKNetlist announces positive ruling in patent battles in ULLtraDIMM case
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05:53 EDTSNDKStocks with implied volatility movement; WLL SNDK
Stocks with implied volatility movement; Whiting Petroleum (WLL) 86, SanDisk (SNDK) 36 according to iVolatility.
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