Getting your Trinity Audio player ready...
Seagate Technology Inc. agreed to buy the data storage products subsidiary of Control Data Corp. in Minneapolis for about $450 million in cash and securities. Seagate is based in Scotts Valley, Calif. Control Data said,
”The transaction will permit Control Data to focus its own efforts on the growing services and systems integration businesses.” It said it would use the proceeds to pay down debt and build up its working capital.
