Seagate: Buyout Talks Live, Financing In Place, N.Y. Post Says

Seagate shares are getting a boost this morning from an upbeat story in the New York Post on the prospects for talks on taking the company private.

Yesterday, the stock took a hit on a report that talks had collapsed. That was followed by multiple reports that KKR was likely to drop out of a group that has been discussing making an offer for the disk-drive maker.

The Post says that TPG Capital has brought in a new partner–which it didn’t name–to replace KKR in the contemplated joint bid, asserting that “TPG is still very much in talks to take the business private.”

Read the rest of this post on the original site


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