Seagate Completes Investment in Bain Capital Private Equity Acquisition of Toshiba

Seagate Technology plc (NASDAQ: STX) has announced the Company, along with a consortium of investors led by Bain Capital Private Equity, completed the previously announced acquisition of Toshiba Memory Corporation by K. K. Pangea, a Japanese company formed for purposes of the Acquisition. The Company funded the investment of approximately $1.27 Billion by utilising cash from its balance sheet.

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