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 November 22nd

Fri,6:57 PM
Apple Makes ‘Things for iPad’ Free for a Week
6:47 PM
Judge Approves Apple iBooks $450 Million Antitrust Settlement
5:54 PM
100 AA and 52 AAA Duracell Batteries for $59.99 [Extended]
5:18 PM
Use a PDF to See How Big Apple Watches Really Are
4:45 PM
Why Every Estimate for Apple Watch Sales in 2015 is Completely Wrong
4:30 PM
‘Kingdom Rush Origins’ Tower Defender Released for iPhone and iPad
1:42 PM
TMO Daily Observations: 2014-11-21
11:53 AM
Google Agrees to Settlement in Rockstar Patent Infringement Fight
9:44 AM
Apple Blocks Outdated Flash Players Over Security Issues [Update]
9:00 AM
iOS 8: Using “Send Last Location”
Thu,8:05 PM
SwiftKey Adds Languages in iOS Without App Store Updates
7:53 PM
Apple Reportedly Plans Cheaper Beats Music in iOS in 2015
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!