Seagate Intevac Acquisition: A $119 Million Deal
In a strategic move poised to reshape the data storage landscape, Seagate Technology has announced its intent to acquire Intevac, a key player in hard drive equipment manufacturing, for $119 million in cash.This acquisition, which involves a tender offer of $4 per share for Intevac’s publicly traded stock, has garnered unanimous backing from Intevac’s board and major shareholders.
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