Seagate Technology Holdings PLC just wrapped up buying Intevac, Inc. Each share cost them $4.00 cash. The deal cut off right after midnight on March 28, 2025. Seagate leads in making big data storage, and Intevac builds thin-film processing systems.
Computershare counted the shares and told Seagate exactly what happened. People handed over 23,968,013 Intevac shares—about 87.95% of all shares. Every single condition for the deal checked out perfectly. Merger Sub, which Seagate runs, accepted these shares and plans to pay for them right away.
The full takeover finished on March 31, 2025, matching the agreement they signed on February 13. All leftover shares automatically became $4.00 cash payments. When everything was finished, Intevac became completely part of Seagate. The cash comes without interest but might face some tax cuts.
Intevac stock stopped trading early on March 31, 2025, and will soon disappear from the Nasdaq Global Select Market listing. Everything happened according to the merger plan all three companies agreed to earlier this year.
Computershare counted the shares and told Seagate exactly what happened. People handed over 23,968,013 Intevac shares—about 87.95% of all shares. Every single condition for the deal checked out perfectly. Merger Sub, which Seagate runs, accepted these shares and plans to pay for them right away.
The full takeover finished on March 31, 2025, matching the agreement they signed on February 13. All leftover shares automatically became $4.00 cash payments. When everything was finished, Intevac became completely part of Seagate. The cash comes without interest but might face some tax cuts.
Intevac stock stopped trading early on March 31, 2025, and will soon disappear from the Nasdaq Global Select Market listing. Everything happened according to the merger plan all three companies agreed to earlier this year.
