NEW YORK, June 16, 2014 /PRNewswire/ -- The Law Office of
James C. Kelly is investigating
claims on behalf of investors of Fusion-io, Inc. ("Fusion" or the
"Company") (NYSE: FIO), concerning the proposed acquisition of
Fusion by SanDisk Corporation (NASDAQ: SNDK). Fusion shareholders
seeking more information about this acquisition are advised to
contact James C. Kelly at
888.643.7517 or jkelly@jckellylaw.com.
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.
The Law Office of James C. Kelly
has extensive experience representing shareholders in mergers and
acquisition actions. Visit our website for additional information
at http://www.jckellylaw.com
Attorney Advertising: Prior Results Do Not Guarantee A Similar
Outcome.
The Law Office of James C.
Kelly
244 5th Avenue, Suite K-278
New York, New York 10001
Tel: 212-920-5042
Toll Free Tel: 888-643-7517
Toll Free Fax: 888-224-2078
Email: jkelly@jckellylaw.com
SOURCE The Law Office of James C.
Kelly