The corporate journey of Intevac has reached its conclusion. In a transaction finalized earlier this year, Seagate Technology has completed the full acquisition of the company, resulting in its immediate delisting from public markets. This development marks the definitive end for shareholders, with all trading of Intevac securities permanently terminated.
Acquisition Terms and Shareholder Compensation
Under the acquisition agreement, Seagate disbursed $4.00 in cash for each outstanding share of Intevac common stock. This base payment was supplemented by additional distributions to shareholders, including both special and quarterly dividend payments. When combined, these payments resulted in total compensation of $4.102 per share to Intevac investors.
The acquisition premium proved substantial for shareholders. The total consideration represented a 21 percent premium over Intevac’s closing share price on February 12, 2025—the final trading day before the acquisition announcement. When measured against the stock’s value from December 2024, when Intevac first disclosed its strategic repositioning, the premium reached an even more impressive 45 percent.
Final Trading and Corporate Status
The transaction reached its formal conclusion on March 31, 2025, immediately halting all market trading of Intevac shares. Beginning April 1, 2025, the company ceased to be listed on the Nasdaq exchange. Intevac now operates as a wholly-owned subsidiary within Seagate’s corporate structure.
Should investors sell immediately? Or is it worth buying Intevac?
Key transaction details include:
* Base acquisition price: $4.00 per share
* Special dividend distribution: $0.052 per share
* Quarterly dividend payment: $0.05 per share
* Final trading date: March 31, 2025
Financial Context Behind the Acquisition
The strategic rationale behind this acquisition becomes evident upon examining Intevac’s financial performance for fiscal year 2024. Despite achieving revenue growth to $64 million, the company recorded substantial net losses approaching $40 million during this period.
Profitability metrics deteriorated significantly, primarily driven by impairment charges and organizational restructuring costs. Within this challenging financial context, Seagate’s acquisition emerged as a logical strategic resolution. For Intevac shareholders, the transaction provided an advantageous exit opportunity with compensation at a notable market premium.
Ad
Intevac Stock: Buy or Sell?! New Intevac Analysis from January 6 delivers the answer:
The latest Intevac figures speak for themselves: Urgent action needed for Intevac investors. Is it worth buying or should you sell? Find out what to do now in the current free analysis from January 6.
Intevac: Buy or sell? Read more here...
