Mergers and Acquisitions Review: Seagate RETICENT On OCZ, Cove Shareholders APPROVE Bid

Here are Tuesday’s top stories:

Korea Development Bank reports that discussions over the possible acquisition of HSBC Holdings’ (NYSE:HBC) Korean retail banking business have ended, because the two companies failed to reach an agreement regarding employment conditions.

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Seagate Technology’s (NASDAQ:STX) fiscal fourth quarter results go by without the hard drive major indicating whether it intends to purchase OCZ Technology Group Inc. (NASDAQ:OCZ), even though much chatter claims that it will. Subsequent to the report, Seagate’s Chief Financial Officer remarked that his company would like to acquire a solid-state drive supplier, but one that has a significant share of the high-profit enterprise market. OCZ does have an enterprise footprint, but its competitor STEC, Inc. (NASDAQ:STEC) has a bigger one.

Cove Energy Plc (CNVGF.PK) shareholders who collectively own 91.4 percent of the company, are said by PTT to have accepted its acquisition offer, making the bid unconditional as to acceptances.

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