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SanDisk to buy Fusion-io for $1.1 billion

16
Jun
2014

(Reuters) – Chipmaker SanDisk Corp said it would buy flash storage device maker Fusion-io Inc for about $1.1 billion. SanDisks offer of $11.25 per share represents a premium of 21 percent to Fusion-ios Friday close. Fusion-ios shares were trading at $11.35 before the bell on Monday. (Reporting by Sagarika Jaisinghani in Bangalore; Editing by Saumyadeb Chakrabarty)

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