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

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Seagate announced Thursday that it’ll pay $ 4 per share in a tender offer for Intevac , which is publicly traded.

Santa Clara -based Intavec manufactures thin film deposition systems.

Seagate expects it to close in late March or early April , subject to customary closing conditions.