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Short Take: Seagate, Veritas shareholders OK sale

Veritas Software and Seagate Technology confirmed that stockholders in both companies have approved the proposed transaction breaking Seagate into several parts. Under the sale, the hard drive division of Seagate will become a private company owned by investors led by Silver Lake Partners, while many of Seagate's software holdings, including shares of Veritas, will go to Veritas.

Veritas Software and Seagate Technology confirmed that stockholders in both companies have approved the proposed transaction breaking Seagate into several parts. Under the sale, the hard drive division of Seagate will become a private company owned by investors led by Silver Lake Partners, while many of Seagate's software holdings, including shares of Veritas, will go to Veritas.