Seagate Technology Holdings plc (STX) entered a merger agreement on February 13, 2025, to acquire Intevac, Inc. (IVAC) through a cash tender offer valued at about $75.46 million.
Under the terms of the agreement, Seagate will acquire all of Intevac’s outstanding shares for $4 per share in cash, representing a premium of 21.36% from the stock’s last close.