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 TMO Headlines - Updated September 27th

Mon, 6:38 PM
watchOS 3: Mickey and Minnie Mouse Can Now Speak the Time
Mon, 5:51 PM
iOS 10: How to Use Maps Extensions
Mon, 5:07 PM
TMO Background Mode: Interview with Founder & President of Bombich Software, Mike Bombich
Mon, 3:13 PM
iOS 10 Maps 'Overview' Buttons Moved to the Swipe-Up Drawer
Mon, 2:35 PM
A-Shirt Makes Apple-Inspired Shirts for Apple Fans
Mon, 2:32 PM
TMO Daily Observations 2016-09-26: macOS Sierra PDF Issues, Apple ID Two-Factor Authentication
Mon, 2:25 PM
Apple's iPhone 7 Invitation Refused by Bloggers
Mon, 2:01 PM
Avantree PowerHouse 4 Port Fast USB Charging Station
Mon, 1:28 PM
Stilo 6R Stylus Features Magnetic Body and Hybrid Tip
Mon, 10:40 AM
How to Stream the Clinton/Trump Presidential Debate on Your iPhone, iPad, and Apple TV
Sun, 12:06 PM
MGG 624: Sierra, APFS, Wi-Fi and Personal Servers
Sat, 9:04 PM
Can't Remotely Control Your HomeKit Devices? Enable iCloud Two-Factor Authentication
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!