… As Well as Brodsky & Smith …
Relating to proposed acquisition
This is a Press Release edited by StorageNewsletter.com on June 18, 2014 at 2:54 pmLaw office of Brodsky & Smith, LLC is investigating potential claims against the voard of directors of Fusion-io, Inc. relating to the proposed acquisition by SanDisk Corporation.
Under the terms of the transaction, Fusion-io shareholders will receive only $11.25 in cash for each share of Fusion-io stock they own.
The investigation concerns possible breaches of fiduciary duty and other violations of state law by the board of directors of Fusion-io for not acting in the company’s shareholders’ best interests in connection with the sale process.
The transaction may undervalue Fusion-io and will result in a loss for many long term Fusion-io shareholders.
For example, Fusion-io stock traded at $32.03 on October 5, 2012 and traded at $12.27 as recently as March 12, 2014. In addition, an analyst has set a $16.00 per share price target on Fusion-io stock.