INVESTOR ALERT - INVESTIGATION OF FUSION-IO, INC. MERGER: The Law Office of James C. Kelly Investigates Claims That the Propo...

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 [e-mail].

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

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