Friday, March 25, 2011

Seagate Climbs On Renewed Takeover Chatter

Shares of Seagate Technology PLC (NYSE: STX) rose more than 1% Friday on renewed speculation that the company could be a takeover target. Seagate has been subject of many acquisition rumors in relation to several potential suitors for the past several months. The company designs, manufactures, markets, and sells hard disk drives for the enterprise, client compute, and client non-compute market applications in the United States and internationally. Stay tuned for more.

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