FUSION-IO (FIO) SHAREHOLDER ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of Fusion-IO, Inc.

WILMINGTON, Del., June 16, 2014 /PRNewswire/ -- Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of Fusion-IO, Inc. ("Fusion-IO" or the "Company") (NYSE: FIO) relating to the sale of the Company to SanDisk Corporation ("SanDisk") (NASDAQ: SNDK). On June 16, 2014, the two companies announced the signing of a definitive merger agreement pursuant to which SanDisk will acquire Fusion-IO in a merger via a tender offer in a deal worth roughly $1.1 billion. As a result of the merger, Fusion-IO shareholders are only anticipated to receive $11.25 per share in cash in exchange for each share of Fusion-IO they own.

Our investigation so far has revealed that the consideration Fusion-IO shareholders are expected to receive is inadequate. Fusion-IO recently traded as high as $11.92 as of March 20, 2014. Also, analysts at Yahoo! Finance have set a $16.00 per share price target for Fusion-IO, which is approximately 42% more than what Fusion-IO shareholders are expected to receive.

Andrews & Springer is investigating whether Fusion-IO directors are breaching their fiduciary duties by failing to adequately shop the company and maximize shareholder value.

If you own shares of Fusion-IO and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/fusion or contact Craig J. Springer, Esq. at [email protected], or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates. 

Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.

SOURCE Andrews & Springer LLC