Seagate to go private in $20 billion deal
So regarding how it went with Seagate, they got private and later did an IPO again in 2002.
What is interesting in regard of the stock price is that before going private they had also faced enormous ignorance and the buyout brought the stockholders a 24% premium for a stockprice of 72$.
BUT after only a short period of time, Seagate went public again (IPO) and then it started at 5$ for some years.
I suspect there was a kind of converting while they were private?!?
Because if not, the stockholders who went through with the struggle lost a big amount of money (72$ /share -> 5$ /share and traded in a range of 4-24$ since the following 9 years).
Seagate Technology (STX) - 16 Year Stock Split History
Please can someone with more insight shine some light on this...
Thx in advance.