|July 16, 2014|
|08:03 EDT||FIO, SNDK||SanDisk 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
|May 22, 2015|
|09:58 EDT||SNDK||On The Fly: Analyst Initiation Summary|
Today's noteworthy initiations include: Allison Transmission (ALSN) initiated with a Buy at Stifel... Avago (AVGO) initiated with a Buy at Mizuho... Blackstone (BX) initiated with a Positive at Susquehanna... Cellectis (CLLS) initiated with an Outperform at Oppenheimer... Cypress Semiconductor (CY) initiated with a Buy at Mizuho... Esperion (ESPR) initiated with a Sell at Chardan... H&R Block (HRB) initiated with an Overweight at Piper Jaffray... Horizon Pharma (HZNP) initiated with an Outperform at Leerink... M/A-COM (MTSI) initiated with a Buy at Goldman... Meritor (MTOR) initiated with a Hold at Stifel... Micron (MU) initiated with a Buy at Mizuho... Monster Worldwide (MWW) initiated with a Neutral at Piper Jaffray... NXP Semiconductors (NXPI) initiated with a Buy at Mizuho... National Storage (NSA) initiated with a Sector Weight at KeyBanc... ON Semiconductor (ON) initiated with a Buy at Mizuho... Qorvo (QRVO) initiated with a Buy at Goldman... SanDisk (SNDK) initiated with a Neutral at Mizuho... Sharps Compliance (SMED) initiated with a Buy at Stifel... Skyworks (SWKS) initiated with a Buy at Mizuho... StemCells (STEM) initiated with a Buy at Cantor... Synaptics (SYNA) initiated with a Buy at Mizuho... Synergy Pharmaceuticals (SGYP) initiated with a Buy at Canaccord... Texas Instruments (TXN) initiated with a Neutral at Mizuho... TriNet (TNET) initiated with a Neutral at Piper Jaffray... Vascular Biogenics (VBLT) initiated with a Buy at Roth Capital... Verifone (PAY) initiated with an Outperform at Imperial Capital... uniQure (QURE) initiated with an Outperform at Oppenheimer.
|May 21, 2015|
|16:14 EDT||SNDK||SanDisk initiated with a Neutral at Mizuho|
|May 19, 2015|
|11:16 EDT||SNDK||SanDisk sees completing headcount reductions by end of this quarter |
|11:06 EDT||SNDK||SanDisk says in Q2 to date repurchased $100M in shares|
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|10:57 EDT||SNDK||SanDisk targets 2016 for return to enterprise revenue growth|
|10:56 EDT||SNDK||SanDisk sees enterprise revenue contracting sequentially in Q2 |
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|10:49 EDT||SNDK||SanDisk rallies while presenting at conference|
Shares of SanDisk (SNDK) are moving higher while the company is presenting at the J.P. Morgan Global Technology, Media and Telecom Conference. During its presentation, SanDisk management said that 15 nanometer technology is ramping to plan and that it expects "strong" sequential revenue growth in the second half of the year. Shares of SanDisk are up 1.7% to $68.66 in morning trading.
|10:46 EDT||SNDK||SanDisk sees strong sequential revenue growth in 2H|
Sees successful completion of embedded qualifications.
|10:43 EDT||SNDK||SanDisk says 15 nanometer technology ramping to plan |
Comments from J.P. Morgan Global Technology, Media and Telecom Conference.
|May 18, 2015|
|10:02 EDT||SNDK||NAND pricing tracking ahead of expectations, says JPMorgan|
JPMorgan said the NAND market is picking up and pricing is tracking ahead of expectations due to restocking momentum. The firm expects NAND market traction heading into 2H driven by new smartphone launches and a recovery in the PC market. Note SanDisk is leveraged to NAND.