Seagate acquires Intevac, which makes equipment for hard disk drives, for $119M
1. Seagate plans to acquire Intevac for $119 million cash. 2. Deal involves paying $4 per share and closing by April. 3. Intevac's technology supports storage growth, crucial for Seagate's expansion. 4. Seagate's last acquisition was Kioxia in 2017; highly strategic move. 5. Intevac posted a 59% revenue increase but recorded a net loss.