FUSION-IO SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe & Powers Taylor LLP Believe the Buyout of Fusion-io by SanDis...
June 16 2014 - 10:25AM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor
LLP are investigating potential claims against the Board of
Directors of Fusion-io, Inc. (“Fusion”) (NYSE: FIO) concerning the
buyout by SanDisk. Under the terms of the agreement, which is
valued at approximately $1.1 billion, Fusion shareholders will only
receive $11.25 in cash for each share owned, well below the 52-week
high of $15.59 and at least one analyst’s estimated value of $16
per share.
If you are an affected investor, and you want to learn more
about the investigation or if you have information that you believe
would be helpful to our investigation of the fairness of the
proposed transaction, contact Willie Briscoe at The Briscoe Law
Firm, PLLC, (214) 239-4568, or via email at
WBriscoe@TheBriscoeLawFirm.com, or Patrick Powers at Powers Taylor
LLP, toll free (877) 728-9607, via e-mail at
shareholder@powerstaylor.com. There is no cost or fee to you.
“We are investigating whether the current buyout is fair to
Fusion shareholders and whether the price offered is enough to
compensate shareholders for the true inherent value of their stock.
Our investigation also centers on whether Fusion’s Board of
Directors employed an adequate process to review and act on the
proposed transaction,” said shareholder rights attorney Patrick
Powers. Notably, at least one analyst with Yahoo! Finance believes
the true inherent value of Fusion stock could be as high as $16 per
share.
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles
a variety of complex business litigation matters, including claims
of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
The Briscoe Law Firm, PLLCWillie Briscoe,
214-239-4568WBriscoe@TheBriscoeLawFirm.comorPowers Taylor
LLPPatrick Powers, 877-728-9607shareholder@powerstaylor.com
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