LONDON (CNNMoney.com) -- Shares of Seagate Technology soared 21% in pre-market trading Friday after the hard disk drive maker revealed it has received interest in being taken private.
The company said late Thursday it is in discussions with an unnamed suitor who wants to take the company private.
Seagate (STX) said its board is also considering other options and that there is no guarantee it will receive a formal offer.
The Scotts Valley, Calif.-based company has already been down the going-private route. A group of private equity investors, including Texas Pacific and Silver Lake Partners, bought Seagate in 2000 and then took it public in 2002.
American companies are ramping up investment in Juarez, Mexico, after years of drug violence. More
Yahoo was in the spotlight Tuesday as it released its third-quarter results, its first earnings release since the Alibaba IPO. More
Foreign workers, lured by false promises of good jobs and benefits in America, soon find themselves enslaved in plain sight as victims of labor trafficking, a report from the Urban Institute finds. Here's how it can happen. More