Seagate paying $1.9B to buy Maxtor Corp.

edperks · Dec 21, 2005, 01:33 PM

SCOTTS VALLEY, CA, United States (UPI) -- California-based Seagate Technology LLC, the world`s biggest maker of hard disk drives, is paying $1.9 billion for data storage company Maxtor Corp.

The all-stock deal has been approved by both companies` boards, Seagate said Wednesday.

Upon closing of the definitive agreement, Seagate shareholders will own 84 percent of the combined entity.

'The combination of Seagate and Maxtor will build on Seagate`s foundation as the premier global hard disc drive company, leveraging the strength of Seagate`s significant operating scale to drive product innovation, maximize operational efficiencies, and realize significant cost synergies,' Seagate said.

Copyright 2005 by United Press International

SCOTTS VALLEY, CA, United States (UPI) -- California-based Seagate Technology LLC, the world`s biggest maker of hard disk drives, is paying $1.9 billion for data storage company Maxtor Corp.</P>The all-stock deal has been approved by both companies` boards, Seagate said Wednesday.

Upon closing of the definitive agreement, Seagate shareholders will own 84 percent of the combined entity.

'The combination of Seagate and Maxtor will build on Seagate`s foundation as the premier global hard disc drive company, leveraging the strength of Seagate`s significant operating scale to drive product innovation, maximize operational efficiencies, and realize significant cost synergies,' Seagate said.

Copyright 2005 by United Press International

Vikingod · Dec 21, 2005, 02:54 PM

Thanks for the submit, it's posted here

Dec 21, 2005, 01:33 PM	#1
edperks HardwareHeaven Senior Member Join Date: May 2002 Location: Southern Illinois Posts: 780 Rep Power: 0 System Specs	Seagate paying $1.9B to buy Maxtor Corp. SCOTTS VALLEY, CA, United States (UPI) -- California-based Seagate Technology LLC, the world`s biggest maker of hard disk drives, is paying $1.9 billion for data storage company Maxtor Corp. The all-stock deal has been approved by both companies` boards, Seagate said Wednesday. Upon closing of the definitive agreement, Seagate shareholders will own 84 percent of the combined entity. 'The combination of Seagate and Maxtor will build on Seagate`s foundation as the premier global hard disc drive company, leveraging the strength of Seagate`s significant operating scale to drive product innovation, maximize operational efficiencies, and realize significant cost synergies,' Seagate said. Copyright 2005 by United Press International SCOTTS VALLEY, CA, United States (UPI) -- California-based Seagate Technology LLC, the world`s biggest maker of hard disk drives, is paying $1.9 billion for data storage company Maxtor Corp.</P>The all-stock deal has been approved by both companies` boards, Seagate said Wednesday. Upon closing of the definitive agreement, Seagate shareholders will own 84 percent of the combined entity. 'The combination of Seagate and Maxtor will build on Seagate`s foundation as the premier global hard disc drive company, leveraging the strength of Seagate`s significant operating scale to drive product innovation, maximize operational efficiencies, and realize significant cost synergies,' Seagate said. Copyright 2005 by United Press International

Dec 21, 2005, 02:54 PM	#2
Vikingod Int'l Fish Liaison Join Date: Jul 2004 Location: By the light of lamp I sit and type... Posts: 16,197 Rep Power: 112 System Specs	Thanks for the submit, it's posted here