Seagate acquires Intevac, which makes equipment for hard disk drives, for $119M [TechCrunch]

Intevac, Inc. (IVAC)
Last intevac, inc. earnings: 4/27 04:05 pm
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US:NASDAQ Investor Relations:
investor.intevac.com/events.cfm
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Source: TechCrunch
Seagate said on Thursday that it'll pay $4 per share in a tender offer for Intevac, which is publicly traded. Seagate will initially purchase a minimum of “at least one share more than 50%” of Intevac's issued and outstanding shares, and then execute a “second step” merger to acquire the company's remaining shares. Intevac's board of directors and largest shareholders unanimously approved the transaction. Seagate expects it to close in late March or early April, subject to customary closing conditions. Santa Clara-based Intevac, founded in 1991 as a spin-off from tech firm Varian Associates, manufactures thin film deposition systems. It IPO'd in 1995, and has expanded its footprint over the years to territories including China, Malaysia, and Singapore.
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IVAC
News
- Intevac, Inc. (NASDAQ: IVAC) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Intevac Announces Details of Special DividendBusiness Wire
- INTEVAC INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Intevac, Inc. - IVACBusiness Wire
- Intevac, Inc. (NASDAQ: IVAC) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Intevac, Inc. (NASDAQ: IVAC) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
IVAC
Earnings
- 8/5/24 - Beat
IVAC
Sec Filings
- 3/27/25 - Form SCHEDULE
- 3/21/25 - Form SCHEDULE
- 3/19/25 - Form SC
- IVAC's page on the SEC website