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Aaron Rakers, an analyst with Stifel Nicolaus, a Baltimore-based equity research firm, wrote in a Thursday research paper that Seagate's going private would be positive news for both Seagate and its top rival, Western Digital.
For Seagate, the deal would value that company's shares at around $15 each, up significantly from its closing price of $12.69 on Thursday when trade in the stock was halted due to the news.
Such a deal would cause Western Digital's management team to consider going private and or to be more proactive in using its cash for share repurchases, Rakers wrote.
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