Seagate (STX) and Intevac (IVAC) announced that Seagate has entered into a definitive agreement to acquire Intevac in an all-cash transaction

Disk-drive maker Seagate Technology Holdings has struck a deal to buy Intevac, a supplier of thin-film processing systems, for about $108 million in cash. Seagate on Thursday said it will pay $4 a share for Intevac, an 18% premium to Wednesday's closing price of $3.38 for the Santa Clara, Calif., company.

Seagate Technology Holdings plc (Nasdaq: STX) ("Seagate"), a leading innovator of mass-capacity data storage, and Intevac, Inc. (Nasdaq: IVAC) ("Intevac"), a supplier of thin-film processing systems,

Seagate Technology (NASDAQ:STX) has agreed to acquire Intevac (NASDAQ:IVAC), a supplier of thin-film processing systems, in an all-cash transaction for $4.00 per share. The definitive deal provides for Seagate to launch an all-cash tender offer for all of Intevac’s outstanding shares.