Today's Hard|Forum Post
Today's Hard|Forum Post

Tuesday December 24, 2013

Seagate To Aquire Xyratex

Seagate Technology, a world leader in storage solutions, and Xyratex Ltd, a leading provider of data storage technology, today announced that they have entered into a definitive agreement under which Seagate will acquire all outstanding shares of Xyratex in an all-cash transaction valued at $13.25 per share, or a total of approximately $374 million, including approximately $80 million in cash on Xyratex’s balance sheet as of August 31, 2013. The consideration represents a premium of approximately 27% per share over Xyratex’s stock price at the close of trading on December 20, 2013.

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