Seagate (STX) Slammed On Report Takeover Deal is Dead
Tweet
Share
E-mailGet Alerts STX Hot Sheet
Price: $787.66 +5.66%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 4.2%
EPS Growth %: +96.5%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 4.2%
EPS Growth %: +96.5%
Join SI Premium – FREE
Shares of potential private equity buyout target Seagate Technologies (NYSE: STX) are down over 6 percent mid-day following reports that a 'going private' deal may not materialize.
According to reports from BrightSideofNews.com, "negotiations between investors such as TPG Capital and the senior management at Seagate Technology broke down and the supposed privatization of Seagate went down the drain."
The report said the reasons the deal didn't go through "were quite interesting", but said cannot be shared at press time.
According to reports from BrightSideofNews.com, "negotiations between investors such as TPG Capital and the senior management at Seagate Technology broke down and the supposed privatization of Seagate went down the drain."
The report said the reasons the deal didn't go through "were quite interesting", but said cannot be shared at press time.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- U.S. sending dozens more refueling planes to Israel ahead of possible escalation - Axios
- Trump: I asked Darline Graham to run for U.S. senate in special Republican primary on Tuesday, August 11
- Google Gemini Launch Delayed as Tech Falls Short of Goals - Bloomberg
Create E-mail Alert Related Categories
Insiders' Blog, Rumors, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
