Fusion-io peers Moving Higher On Takeover

Fusion-io FIO competitors are moving higher after SanDisk SNDK announced its intention to pay a 21.2 percent premium for Fusion-io. Fusion-io shares are trading $0.2 above the $11.25 SanDisk intends to pay, indicating investors think the company is still undervalued and will receive a higher offer.

Violin Memory VMEM shares are up 6.3 percent to $4.20.

Nimble Storage NMBL shares are up 5.47 percent to $26.50.