Fusion-IO (FIO)

[eastunder]

The lawyers are already popping out of the wood work
and there will be many, which is very common with a situation like this.

Also - Doesn't this have to be approved by shareholders? There will be some large institution/funds who won't like the number involved and may possibly pressure for a new number.


Fusion-io Investor Buyout Alert - Acquisition of Fusion-io, Inc. (NYSE: FIO) - Leading National Securities Law Firm Seeks Higher Price for Shareholders


NEW YORK, June 16, 2014 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Fusion-io, Inc. (FIO) ("Fusion" or the "Company") on behalf of its shareholders. SanDisk Corporation announced a definitive agreement to acquire Fusion. Under the terms of the agreement, SanDisk will commence a tender offer for all outstanding shares of Fusion for $11.25 per share in cash.

The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Fusion for not acting in Fusion shareholders' best interests in connection with the sale process of the Company. The investigation seeks to determine if there was an adequate auction process and if SanDisk is underpaying for Fusion shares. Indeed, analysts have projected that the true going forward inherent value of the company is worth at least $16 per share. Further, Fusion stock traded as high as $15.59 per share within the past year. Moreover, the Company has no long term debt and has over $225 million of cash on its balance sheet, representing $2.09 per share in cash.

More legal firms are listed in the news on Finviz

http://finviz.com/quote.ashx?t=fio