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InvisibleautomanM
blasted chipmunk
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Registered: 09/18/03
Posts: 8,272
Seagate and Maxtor have a green light for merge.
    #5302081 - 02/15/06 03:55 AM (17 years, 11 months ago)

http://www.seagatemaxtor.com/


SEAGATE AND MAXTOR ANNOUNCE EXPIRATION OF HART-SCOTT-RODINO WAITING PERIOD FOR PROPOSED ACQUISITION

_______________________________________________________________________

SCOTTS VALLEY, Calif. and MILPITAS, Calif. ? February 14, 2006 ? Seagate Technology (YSE: STX) and Maxtor Corporation (NYSE: MXO) today announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, with respect to the proposed acquisition of Maxtor by Seagate, has expired. As a result, no further anti-trust regulatory review of the merger will be necessary in the United States. As previously announced, the transaction is subject to other customary closing conditions and regulatory approvals by the competition review authorities of the European Union and several other jurisdictions as well as authorization by shareholders of both companies. Both parties continue to expect the transaction to close during the second half of 2006, following approval from shareholders of both companies and the satisfaction of all other closing conditions.


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No, no, you're not thinking, you're just being logical. ~ Niels Bohr


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