
Seagate Technology agreed to acquired Xyratex (NASDAQ: XRTX), a developer of hard disk drive (HDD) capital test equipment, in an all-cash transaction valued at $13.25 per share, or a total of approximately $374 million, including approximately $80 million in cash on Xyratex’s balance sheet.
Seagate said the acquisition will strengthen its vertically integrated supply and manufacturing chain for disk drives and ensure uninterrupted access to important...