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SanDisk to buy Fusion-io for $1.1 billion


    (Reuters) - Chipmaker SanDisk Corp said it would buy flash storage device maker Fusion-io Inc for about $1.1 billion.

    SANDISK (SNDK.NQ)s offer of $11.25 per share represents a premium of 21 percent to Fusion-io's Friday close.

    Fusion-io's shares were trading at $11.35 before the bell on Monday.

    (Reporting by Sagarika Jaisinghani in Bangalore; Editing by Saumyadeb Chakrabarty)