Home > General > Goodbye Maxtor
Donation Goal
Donate Now Goal amount for this year: 799 USD, Received: 100 USD (13%)
Please donate to help support this website. The funds will be used to purchase owned license of LiteSpeed Web Server Enterprise (2-CPU). It provides superior performance in terms of raw speed, scalability and anti-DDoS capabilities.

Goodbye Maxtor

Posted By Raymond In Category: General

Dec
23
2005

NEW YORK, Dec 21 (Reuters) – Computer disk drive supplier Seagate Technology has agreed to buy rival Maxtor Corp. for $1.9 billion in stock, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

The paper said the deal is expected to be unveiled later in the day, with Seagate planning to swap 0.37 of a Seagate share for each Maxtor share.

Under the terms of the deal, as reported by the Journal, the transaction is worth about $7.25 a share for Maxtor investors, a 60 percent premium to its closing price on Tuesday.

Both the Seagate and Maxtor boards have approved the deal, the paper reported, which will unit two big hard drive makers.

The Journal, citing people familiar with the deal, said the companies are likely to argue to antitrust regulators that consumers would benefit because of cost efficiencies, among other things.

Neither Seagate nor Maxtor representatives could be immediately reached for comment.

Source: Reuters


No related posts.

  • aw

    Hmm… my two Maxtors (one bought used) survived more than 5 years, while my two Seagates at home died..

    I’m worried about my new Seagate 200GB now………

  • http://onegigspace.blogspot.com/ kenny Lee

    SEAMAXX!

  • http://raymond.cc Raymond

    Before Maxtor, I use Quantum and till today it’s usable. More than 4 years!
    Now, I have 4 Maxtor drives and 1 already failed.

    Seagate? I’m not sure about that.

Copyright © 2005-2012 - Raymond.CC Blog