Seagate Technology (STX) Completes Acquisition of Intevac

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Go back to Seagate Technology (STX) Completes Acquisition of Intevac

Seagate Completes Acquisition of Intevac

March 31, 2025 8:45 AM EDT

FREMONT, Calif.--(BUSINESS WIRE)-- Seagate Technology Holdings plc (Nasdaq: STX) (Seagate), a leading innovator of mass-capacity data storage, announced today that it has completed the acquisition of Intevac, Inc. (Nasdaq: IVAC) (Intevac), a supplier of thin-film processing systems.

Completion of Tender Offer and Merger

The previously announced cash tender offer for all of the outstanding shares of common stock of Intevac for $4.00 per share, payable in cash at closing, without interest and subject to reduction for any applicable withholding taxes, by Irvine Acquisition Holdings, Inc. (Merger... More