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Seagate Buys Xyratex

Cupertino-based Seagate said this week that it has completed its acquisition of data storage testing equipment provider Xyratex. Seagate said the acquisition will add revenues of approximately $500M to $600M. Xyratex will be removed from the NASDAQ stock market after the acquisition. Seagate was advised by Allen & Company and Wilson Sonsini Goodrich & Rosati in the deal.


 

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