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Seagate confirms buyout talks

By Jos
Oct 15, 2010
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  1. Seagate revealed today that it has received a “preliminary indication of interest” regarding a going private transaction. The recently deposed world’s largest hard drive manufacturer is mum on exactly who is behind in the buyout talks, but apparently it has already hired financial services firms Morgan Stanley and Perella Weinberg Partners to provide advice as it explores the possibility of leaving the publicly traded market. Seagate was quick to stress that there is no assurance a formal offer or any transaction will take place, though.

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