Seagate Buys Xyratex for $13.25/Share in Cash

Seagate Technology plc (NASDAQ: STX ), a world leader in storage solutions, and Xyratex Ltd (NASDAQ: XRTX ), a leading provider of data storage technology, today announced that they have entered into a definitive agreement under which Seagate will acquire all outstanding shares of Xyratex in an all-cash transaction valued at $13.25