Unformatted text preview: it attempted monetize VERITAS stake by selling shares and the liability was capitalized in Segate's stock price. Second, Segate's core disk driver operations were not receiving full value in the stock market. The proposed transaction of a leverage buyout would allow Segate shareholders to realize full value for the company, by distributing VERITAS stock free, and by selling disk drive operations at fair market value....
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- Spring '08
- Leverage, Leveraged buyout, Segate, VERITAS stake, monetize VERITAS stake, significant wealth gain