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Maxtor buys Quantum HDD unit
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| Thu Oct 05, 2000 | 12:30A| PermaLink |
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"The world's biggest hard disk drive company is to be created, through the takeover of Quantum's HDD business by Maxtor.
Constructed as a merger, the all-share transaction will see Quantun's HDD stockholders receive 1.52 shares of Maxtor common stock for every one share they hold in Quantum. This values the deal at $2.3 billion.
The enlarged business, to be named Maxtor
Corporation, produces more than 50 million hard drives a year."
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FULL STORY @
THEREGISTER
(http://www.theregister.co.uk/content/1/13727.html)
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