Maxtor +47,8% Seagate To Buy Rival Maxtor For $1.9B
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Maxtor +47,8% Seagate To Buy Rival Maxtor For $1.9B
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Só de pensar que vendi o que tinha na Maxtor na semana passada...
Seagate Technology To Buy Rival Maxtor For $1.9 Billion
By Dow Jones
LONDON (Dow Jones) -- Seagate Technology announced Wednesday a $1.9 billion agreement to buy rival Maxtor Corp. as the world's top hard-disk maker seeks to build scale.
Seagate Technology (STX) said it will swap 0.37 of a share for each share of Maxtor (MXO), which at Tuesday's close assigns Maxtor a value of $7.25 a share. The shares closed Tuesday's trading at $4.52.
In pre-open trade on the Archipelago exchange, Maxtor shares soared 47.8% to $ 6.65, while Seagate fell 2.4% at $19.14 a share.
Seagate said it expects revenue attrition but sees $300 million in annual operating expense reduction resulting from greater scale, reduced supply-chain costs and combined efforts in research and development.
Moreover, earnings are seen climbing by 10% to 20% in the first full year of combined operations, Seagate said.
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O gráfico ficou com o seguinte aspecto:
Só de pensar que vendi o que tinha na Maxtor na semana passada...
Seagate Technology To Buy Rival Maxtor For $1.9 Billion
By Dow Jones
LONDON (Dow Jones) -- Seagate Technology announced Wednesday a $1.9 billion agreement to buy rival Maxtor Corp. as the world's top hard-disk maker seeks to build scale.
Seagate Technology (STX) said it will swap 0.37 of a share for each share of Maxtor (MXO), which at Tuesday's close assigns Maxtor a value of $7.25 a share. The shares closed Tuesday's trading at $4.52.
In pre-open trade on the Archipelago exchange, Maxtor shares soared 47.8% to $ 6.65, while Seagate fell 2.4% at $19.14 a share.
Seagate said it expects revenue attrition but sees $300 million in annual operating expense reduction resulting from greater scale, reduced supply-chain costs and combined efforts in research and development.
Moreover, earnings are seen climbing by 10% to 20% in the first full year of combined operations, Seagate said.
...
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