NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm, P.A. is investigating the Board of Directors of Fusion-io, Inc. (NYSE:FIO) for possible breaches of fiduciary duties and other violations of law by failing to adequately shop Fusion-io to maximize shareholder value before entering into an agreement with SanDisk Corp. (NASDAQ:SNDK).
If you would like to join the action, please call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free, at 866-767-3653; or email at email@example.com or firstname.lastname@example.org or visit the website http://rosenlegal.com/buyoutcases.html. There is no cost or obligation to you.
Under the terms of the proposed transaction, shareholders will receive $11.25 in cash for each share of Fusion-io stock they own. The offer of $11.25 per share falls well below Fusion-io’s 52-week high of $15.59 per share. Furthermore, the proposed transaction is valued at approximately $1.1 billion, which is $370 million less than Fusion-io’s 2011 IPO valuation. The investigation relates to whether the proposal is fair to public shareholders and whether Fusion-io’s Board of Directors breached its fiduciary duties in connection with the proposed transaction.
If you own and purchased Fusion-io common stock before June 16, 2014 and wish to obtain additional information, please visit the website at http://rosenlegal.com/buyoutcases.html. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at email@example.com or firstname.lastname@example.org.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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