Mergers and Acquisitions Report: No OCZ-Seagate Deal, France’s Plan For EAD & BAE
OCZ Technology Group (NASDAQ:OCZ) shares on Friday are back where they were on Wednesday as a “highly reliable source close to Seagate” informed Eric Savitz late Thursday that Seagate Technology (NASDAQ:STX) will not purchase OCZ after all. Shares of the latter were up more than 10 percent on a report in The Register that a sale was close during the summer.
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France has come up with a plan through which it would obtain a 13.5 percent investment in the possible combined entity of BAE Systems (BAESY.PK) and European Aeronautic (EADSY.PK), according to The Financial Times. Through the scheme, Germany would receive the same percentage and the proposal would maintain the political influence which Chief Executive Tom Enders would like to lose. This new deal will likely draw opposition both in the United Kingdom and in the United States.
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