Seagate Technology (Nasdaq: STX) will pay a premium of approximately $694 million in cash to acquire Dot Hill Systems (Nasdaq: HILL). Shares of Seagate tumbled $2.62 to close at $49.43 while Dot Hill Systems stock leaped $4.50 to close at $9.68.
Seagate to buy Dot Hill Systems
August 19, 2015 at 17:41 PM EDT
