Thursday, October 14, 2010

Seagate Mulls Going Private, Again

Scotts Valley-based disk drive manufacturer Seagate reported Thursday afternoon that it has received interest from an undisclosed party to take the firm private. Seagate said it had retained Morgan Stanley & Co. Incorporated and Perella Weinberg Partners LP to provide financial advice and Wilson Sonsini Goodrich & Rosati and Arthur Cox as legal counsel to consider the offer. The move would be the second time Seagate has moved between the public and private markets; Seagate went private in 2000, and then went public again in 2002.