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[June 17, 2014]
United States : SANDISK to invest $1.1 billion in FUSION-IO [TendersInfo (India)]
(TendersInfo (India) Via Acquire Media NewsEdge) SanDisk Corp. is to buy Fusion-io, a developer of flash-based PCIe hardware and software solutions in an all-cash transaction worth around $1.1 billion. SanDisk will start a tender offer for all outstanding shares of Fusion-io for $11.25 per share in cash.
According to SanDisk, the deal will be accretive to its non-GAAP earnings in the second half of the firm s fiscal 2015.
Sanjay Mehrotra, SanDisk CEO said: Fusion-io will accelerate our efforts to enable the flash-transformed data center, helping companies better manage increasingly heavy data workloads at a lower total cost of ownership. Customers will benefit from the addition of Fusion-io s leading PCIe solutions to SanDisk s vertically integrated business model.
(c) 2014 Euclid Infotech Pvt. Ltd. Provided by SyndiGate Media Inc. (Syndigate.info).
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