Seagate Technology to Acquire Dot Hill Systems

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Go back to Seagate Technology to Acquire Dot Hill Systems

Brean Capital Remains Positive on Seagate (STX) Following Move to Acquire Dot Hill (HILL)

August 19, 2015 8:51 AM EDT

Brean Capital affirms Seagate Technology (Nasdaq: STX) with a Buy rating and $65 price target following news that the company will acquire Dot Hill (Nasdaq: HILL) for $9.75 per share.

Analyst Ananda Baruah noted the following key points:

This does not in ANY WAY impact STXs current buyback in fact, we believe... More

Piper Jaffray Downgrades Dot Hill (HILL) to Neutral Amid Takeover

August 19, 2015 6:51 AM EDT

Piper Jaffray downgraded Dot Hill (NASDAQ: HILL) from Overweight to Neutral with a price target of $9.75 (from $9.00) after the company agreed to be acquired by Seagate.

For an analyst ratings summary and ratings history on Dot Hill... More

Seagate Technology (STX) to Acquire Dot Hill (HILL) Systems in $694M Deal

August 19, 2015 6:30 AM EDT

Seagate Technology plc (NASDAQ: STX), a world leader in storage solutions, and Dot Hill Systems Corp. (NASDAQ: HILL), a trusted supplier of innovative software and hardware storage systems, today announced that they have entered into a definitive agreement under which a wholly-owned indirect subsidiary of Seagate will commence a tender offer for all of the outstanding shares of Dot Hill in an all-cash transaction valued at $9.75 per share, or a total of approximately $694 million on a fully-diluted equity value basis. As Dot Hill has approximately $49 million in cash on... More