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Seagate considered a takeover target

Posted on Wednesday, March 25 2009 @ 18:31:40 CET by

X-bit Labs reports storage firm Seagate may be a takeover target:
The stock of Seagate Technology increased by more than 10% on Tuesday and trade volumes were six times higher than usual. Some analysts believe that this means that Seagate is about to be acquired, or is negotiating with a potential buyer. Perhaps, Seagate is getting ready to merge with another company.

“Call options in the disc driver maker exceed normal trading volume by 10 times. Based on heavy trading in June contracts, one idea is Seagate may be considered a takeover candidate,” observers from optionMonster web-site noted.



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