OCZ Technology Group Comments on SandForce Acquisition

OCZ Technology Group, Inc. OCZ today provided comments on the acquisition of SandForce by LSI Corporation announced earlier today. "On behalf of OCZ, I would like to congratulate SandForce on its combination with LSI, a current partner of OCZ's," said Ryan Petersen, CEO of OCZ Technology Group. "SandForce has been a great partner, and we expect the added resources of LSI will only benefit SandForce's customers. Moreover, because OCZ and SandForce previously contemplated this scenario, we expect that this combination will have no material impact to our existing product lines or business," concluded Mr. Petersen.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsM&A
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!