Company planning $2.3 bln bid for Maxtor - BusinessWeek
NEW YORK, Sept 28 (Reuters) - A major computer data-storage company is planning to bid $2.3 billion, or $20 a share, for
rival data storage provider Maxtor Corp. (NasdaqNM:MXTR - news), according to BusinessWeek's Inside Wall Street column
on Thursday.
The Milpitas, Calif.-based company was not available for comment. BusinessWeek, citing industry sources, did not identify the
bidder.
Maxtor, shares of which closed in trading on the Nasdaq at $8-7/8, is an attractive target because of its file serving and data storage product, MaxAttach NAS,
BusinessWeek said. The product can be installed in 10 minutes and is compatible with both Linux/Unix and Windows operating systems, the magazine reported. |
