Hard drive company Seagate has decided to tease us this morning with what it laughingly calls a press release, reproduced below.
Say no more, Seagate and forever hold your tongue until the deal is done.
SCOTTS VALLEY, Calif.–(BUSINESS WIRE)–Seagate Technology plc (NASDAQ:STX) announced today that it has received a preliminary indication of interest regarding a going private transaction. The company is in discussions with the party from whom it received the indication of interest, and its board of directors is evaluating the indication of interest and other strategic alternatives. The company has retained Morgan Stanley & Co. Incorporated and Perella Weinberg Partners LP to provide financial advice and Wilson Sonsini Goodrich & Rosati and Arthur Cox as legal counsel. There is no assurance that the company will receive a formal offer or that any transaction will take place.
Neither the company nor its representatives will be providing any additional comments regarding the preliminary indication of interest.