New Bidder for Seagate, According to New York Post
Hitachi, Samsung, Toshiba and WD cited in the article
By Jean Jacques Maleval | November 23, 2010 at 3:39 pm
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New bidder for Seagate emerges
There is another bidder waiting in the wings to acquire Seagate Technology despite concerns that buyout firms are losing interest in the company, The Post has learned. A rival strategic buyer remains interested in acquiring Seagate even as private-equity firm TPG Capital has trouble lining up financing for a bid, according to a source close to the situation. "The race is not over yet," the source said.
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Our favorite is WD, currently with $2.9 billion of cash. Hitachi GST is on its way to an IPO. Toshiba and Samsung are more interested to invest in flash memories.