eagate Technology has announced that shareholders have approved the plan to purchase Maxtor, a competing storage company.
"The company said, with all regulatory and shareholder approvals now completed, it expects to close in two or three days. As of Monday, May 22, Milpitas, Calif.-based Maxtor's shares will no longer be traded on the New York Stock Exchange.
The acquisition, announced in December, is worth about $1.9 billion. Maxtor shareholders will get 0.37 share of Seagate stock for each Maxtor share they owned."
source - http://www.2404.org
who has more seagate in the dust bin?
My maxtors are still working. Shocking news.