… James C. Kelly …

Proposed acquisition may not be in best interest of investors.

This is a Press Release edited by StorageNewsletter.com on June 18, 2014 at 2:51 pm

The Law Office of James C. Kelly is investigating claims on behalf of investors of Fusion-io, Inc., concerning the proposed acquisition of Fusion by SanDisk Corporation.

Under the terms of the definitive merger agreement, Fusion stockholders will receive $11.25 per share in an all-cash transaction valued at approximately $1.1 billion.

The investigation concerns whether the Fusion directors are breaching their fiduciary duties by failing to adequately pursue alternatives to the acquisition and maximize shareholder value.

Indeed, the offer price is below the 52-week high of $15.41 and the median street price target of $12.07.