SanDisk Corp said on Monday it will buy Fusion-io Inc. (NYSE:FIO) for about $1.1 billion to bolster its fast-growing business of providing flash storage drives to companies. Fusion-io has struggled with losses since its initial public offering in 2011, but SanDisk sees its technology as a major component for its own lineup of storage products. Fusion-IO, Inc. (NYSE:FIO) ended up at $11.36 with day range of $11.34 – $11.45 in last trading. Company distance from 20-day simple moving average (SMA20) is 35.65% while its monthly performance stands at 37.03%.
AK Steel Holding Corporation (NYSE:AKS) on June 11 said that it plans to release its second quarter 2014 financial results before the opening of trading on the New York Stock Exchange on Tuesday, July 29, 2014. Analysts mean target price for AK Steel Holding Corporation (NYSE:AKS) is $6.69 and On Monday shares its shares opened at $6.74 and closed at $6.84.
Yingli Green Energy Holding Company Ltd. (NYSE:YGE) announced that its solar modules were used to build the largest solar power plant in Malaysia. The deal was done through its business wing, Yingli Green Energy Singapore Company Pte. Ltd. The project undertaken by Amcorp Power Sdn. Bhd is situated in the Gemas, Negri Sembilan region of Malaysia. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) shares advanced 6.67% on last trading day.
ARIAD Pharmaceuticals, Inc. (NASDAQ:ARIA) on 12 June announced the pricing of $200 million aggregate principal amount of its 3.625% convertible senior notes due 2019 (the “Notes”) in a private placement. The Notes will be offered by the initial purchasers only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Act”). On last trading day Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) ended up 1.18% higher to close at $6.45 while trading in the range of$6.29 – $6.47.
Trina Solar Limited (ADR) (NYSE:TSL) has a contract with Linuo Solar Power Co. Ltd. to supply 23 MW of photovoltaic modules for the latter’s distributed generation (DG) solar project in China’s Shandong province. Trina Solar Limited (ADR) (NYSE:TSL) ended up at $12.08 with day range of $11.65 – $12.32 in last trading.