Seagate (STX) Slammed On Report Takeover Deal is Dead
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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.
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