Fusion-io Inc, a leading provider of solid-state technology and high-performance I/O solutions, plans bigger-sized initial public offering (IPO). Fusion-io, pioneer of a next generation storage memory platform for shared data decentralization expects to offer at least 12.3 million shares at an estimated price of $13 to $15 each.
Fusion-io has pioneered a next generation storage memory platform for shared data decentralization, plans to offer at least 10.8 million shares, reported $1.2 million loss in the nine months ended March 31 and $125.5 million revenue.
In another news, Constar International Inc. (CNSTQ) won court approval of its plan to emerge from Chapter 11 protection, filed for bankruptcy in January after striking a deal with a majority of the holders of its $220 million.
Court says, Elpida Memory Inc., Smart Modular Technologies Inc. (SMOD) and several other technology companies didn't infringe on Tessera Inc.'s (TSRA) patents for chip packaging.
Johnson & Johnson's (JNJ) Cilag GmbH International unit to buy India's J.B. Chemicals & Pharmaceuticals Ltd. for about $260 million.
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