… Newman Ferrara …

Newman Ferrara LLP is investigating potential claims against the board of directors of Fusion-io, Inc. concerning the proposed sale of Fusion-io to SanDisk Corporation.

On June 16, 2014, Fusion-io entered into an agreement to be acquired by SanDisk pursuant to which, Fusion-io’s stockholders will receive only $11.25 in cash for each share of Fusion-io stock owned.

However, Fusion-io common stock has traded at above the $11.25 per share offer price as recently as March 26, 2014, when it traded at $11.49 per share. The offer price is also well below the 52-week trading high of Fusion-io common stock of $15.59 per share.

According to Summit Research Partners LLC analyst Srini Sundararajan, “I think SanDisk got a steal with this deal.“

Susquehanna Financial Group analyst Mehdi Hosseini also remarked that, “What they are paying for FIO appears to be a bargain.“

Fusion-io’s board of directors has unanimously approved the proposed sale which is expected to close by the end of September 2014.

Newman Ferrara LLP’s investigation concerns whether Fusion-io’s board of directors has breached its fiduciary duties to act in the best interests of Fusion-io’s stockholders and to take all necessary steps to ensure that Fusion-io’s stockholders receive the maximum value readily available for their shares of Fusion-io common stock.