Disk drive maker Seagate said Monday that it has finalized its acquisition of one-time rival Maxtor. <P> Scotts Valley, Calif.-based Seagate said the integration of Maxtor is expected to be "substantially completed" by early next year. Maxtor stock has ceased to trade on the New York Stock Exchange, according to Seagate. <P> Seagate announced last December that it had reached a deal to buy Maxtor for $2 billion. Earlier this year, the deal won final approvals from government regulators as well as shareholders of both companies. <P> Seagate said it expects the Maxtor acquisition to be 10 percent to 20 percent accretive to Seagate on a cash earnings-per-share basis after the first year as a combined company. <P>
To continue reading this article, please download the free CRN Tech News app for your iPad or Windows 8 device.
Recent Articles
|
|
10 Hot Products From EMC World To Hit The Storage Scene Even thought there was nothing like the massive EMC 42-product release seen at the EMC World 2012, there was still enough new storage hardware and software unveiled at EMC World 2013 to make the visit worthwhile. |
|
|
Storage, Security Products Take Center Stage At AWS Summit 2013 The AWS Summit 2013 conference will feature a wide range of solutions from vendors partnering with Amazon on improving the storage, movement, protection and security of data in the cloud. |
|
|
These five CEOs are facing market uncertainty, falling stock prices, mediocre earnings or slumping sales. Can they weather the storms? |
Related Articles


