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.
Good news. August is about to end. Bad news. Investors still have many reasons to be nervous about the stock market -- even though the worst may be over. More
A lot of people are urging the vice president to run for president, including a Wall Street billionaire. More
Looking for something good on Netflix? These entertaining films will help you learn more about finance and investing. More