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Seagate to Go Private in Complex Deal With Veritas, Investor Group
Updated from 6:56 p.m. EST
Seagate Technology (SEG Quote), the largest maker of computer disk drives said Wednesday that it would be acquired by an investor group, in a complex deal that also provides for the sale of Seagate's 33% stake in Veritas Software(VRTS Quote) back to that company.
The Veritas stake accounts for most of Seagate's stock market value. The companies gave a total value of $20.2 billion for the stock and cash deal. ...
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