Seagate: Board Evaluating Indication Of Interest, Alternatives
14 Ottobre 2010 - 11:56PM
Dow Jones News
Seagate Technology PLC (STX) said Thursday it has been
approached by an unnamed party that is interested in taking the
storage drive maker private and its board is evaluating the
suggestion.
The Scotts Valley, Calif.-based company said there was no
guarantee it would recieve a formal offer or that it would accept
one if one were made.
Seagate retained Morgan Stanley & Co. and Perella Weinberg
Partners LP to provide financial advice. Wilson Sonsini Goodrich
& Rosati and Arthur Cox are serving as legal counsel.
A spokesman did not immediately respond to a request for further
comment.
In after-hours trading, Seagate shares jumped more than 20% to
$15.25.
-By Ian Sherr, Dow Jones Newswires; 415-439-6455;
ian.sherr@dowjones.com
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