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Computer Peripherals M&A image Computer Peripherals M&A » By The Online Investor Staff, updated Mon., Jul. 22, 7:40 AM Recent mergers and acquisitions in the Computer Peripherals M&A category.

Slide #8. Seagate Technology Xyratex Ltd

Acquirer: Seagate Technology (STX)
Acquiree: Xyratex Ltd (XRTX)
Details: Seagate Technology plc (NASDAQ:STX), a world leader in storage solutions, and Xyratex Ltd (NASDAQ:XRTX), 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.

Seagate Technology is a provider of electronic data storage technology and solutions. Co.'s principal products are hard disk drives, which are devices that store digitally encoded data on rotating disks with magnetic surfaces. Co. also produces a range of data storage products including solid state drives, solid state hybrid drives and storage subsystems. Co.'s products are designed for applications in enterprise servers and storage systems; client compute applications, which are designed for desktop and mobile computing; and client non-compute applications, which are designed for end user devices such as portable external storage systems, surveillance systems, and network-attached storage.

Seagate Technology SEC Filing Email Alerts Service


Open the STX Page at The Online Investor »

Seagate Technology is a provider of electronic data storage technology and solutions. Co.'s principal products are hard disk drives, which are devices that store digitally encoded data on rotating disks with magnetic surfaces. Co. also produces a range of data storage products including solid state drives, solid state hybrid drives and storage subsystems. Co.'s products are designed for applications in enterprise servers and storage systems; client compute applications, which are designed for desktop and mobile computing; and client non-compute applications, which are designed for end user devices such as portable external storage systems, surveillance systems, and network-attached storage.

Seagate Technology SEC Filing Email Alerts Service


Open the XRTX Page at The Online Investor »

Company Name: 
Seagate Technology Plc
Stock buyback: 
STX buyback
Website: 
www.seagate.com
Sector: 
Computer Peripherals
Number of ETFs Holding STX: 
80
Total Market Value Held by ETFs: 
$1.91B
Total Market Capitalization: 
$13.01B
% of Market Cap. Held by ETFs: 
14.66%
Company Name: 
Xyratex Ltd
Website: 
www.xyratex.com
Sector: 
Computers
 

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