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SEAGATE -SAMSUNG – 04/19/11 12:03 G.L. 4/19/11 G.L.

SCOTTS VALLEY BASED SEAGATE TECHNOLOGIES HAS ANNOUNCED PLANS TO ACQUIRE SAMSUNG ELECTRONICS’ HARD DRIVE BUSINESS.  THE DEAL IS STILL IN THE WORKS, BUT, IF APPROVED BY THE U.S.  AND INTERNATIONAL REGULATORS, IT COULD GIVE THE SOUTH KOREAN COMPANY A NEARLY 10% STAKE IN SEAGATE TECHNOLOGIES.

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