Intevac Acquisition Finalized as Seagate Completes Takeover

The corporate journey of Intevac reached its conclusion in early 2025 when Seagate Technology successfully acquired the company. Following the completion of the acquisition process, Intevac shares were suspended from trading and subsequently delisted from the Nasdaq exchange in March 2025, marking the end of its run as a publicly-traded entity.

Seagate Technology structured a comprehensive acquisition package valued at approximately $119 million. Shareholders received $4.00 per share in the buyout arrangement, representing a substantial 45 percent premium over Intevac’s stock price from December 2024. When accounting for both special dividend distributions and regular quarterly dividend payments, investors ultimately realized total compensation of $4.102 per share.

The transaction reached its decisive moment on March 28, 2025, when Read more...