The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
Seagate to Buy Maxtor

Seagate to Buy Maxtor

by , 10:15 AM EST, December 21st, 2005

Seagate and Maxtor announced announced Seagate's plan to acquire Maxtor on Wednesday. The deal between the two hard drive manufacturers calls for Seagate to purchase Maxtor in an all-stock transaction. Both companies produce industry standard Mac compatible hard drives, as well as other data storage products.

The transaction, which is estimated at US$1.9 billion, will give Maxtor stock holders .37 shares of Seagate common stock for each share of Maxtor stock they own. The deal is expected to close in the second half of 2006.

Seagate is currently trading at $19.30, down 0.30 (1.53%), and Maxtor is trading at $6.51, up 0.99 (44.03%).


If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.

Recent Headlines - Updated September 23rd

Tue,10:10 PM
Apple Features ‘Actual Size’ iPhone 6/Plus in Rolling Stone Ad
9:15 PM
iPhone 6 Review: Bigger, Better, and BIGGER
8:02 PM
iOS 8: How to Boost Your iPhone Battery Life
5:30 PM
Man Bends iPhone 6 Plus with Bare Hands on Video
4:45 PM
Rokform Sport v3 Case for iPhone 6: Serious Protection and Mobile Options
2:05 PM
TMO Daily Observations: 2014-09-23
9:55 AM
iOS 8 Adoption at 46%, or Maybe 35%
8:35 AM
iPhone 6 and 6 Plus: Changing the Display Zoom
Mon,11:34 PM
Apple Posts iPhone 6 Commercials with Jimmy Fallon and Justin Timberlake
9:10 PM
Google’s Eric Schmidt Said ALEC Lying about Climate Change
8:24 PM
Chinese Site Reports Apple Planning October Release for iPad Air 2
5:40 PM
iOS 8: Hide and Unhide Images in Photos App
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!