IVAC Overview

Acquisition Completion: Seagate Technology has successfully acquired Intevac, Inc. after completing a cash tender offer for $4.00 per share, with approximately 87.95% of Intevac's outstanding shares validly tendered. The merger was finalized on March 31, 2025, making Intevac a wholly owned subsidiary of Seagate.

Advisors Involved: Wachtell, Lipton, Rosen & Katz served as legal advisor to Seagate, while Houlihan Lokey acted as financial advisor to Intevac, with Wilson Sonsini Goodrich & Rosati providing legal counsel to Intevac during the acquisition process.

Dividend Announcement: Intevac, Inc. will pay a one-time special cash dividend of $0.052 per share on March 28, 2025, to stockholders of record as of March 24, 2025, in connection with its proposed acquisition by Seagate Technology Holdings plc.

Tender Offer Details: Seagate has initiated a tender offer to acquire all outstanding shares of Intevac for $4.00 per share, set to expire on March 28, 2025, with Intevac's Board recommending that stockholders tender their shares.

Investigation of Proposed Sale: Former Louisiana Attorney General Charles C. Foti, Jr. and Kahn Swick & Foti, LLC are investigating the proposed sale of Intevac, Inc. to Seagate Technology, focusing on whether the $4.00 per share offer adequately values the company.

Call for Shareholder Input: KSF is inviting shareholders who believe the transaction undervalues Intevac to discuss their legal rights, emphasizing the urgency due to the tender offer structure of the transaction.

Investigation of Companies: Halper Sadeh LLC is investigating Walgreens Boots Alliance, Intevac, Inc., and bluebird bio, Inc. for potential violations of federal securities laws and breaches of fiduciary duties related to their respective sales to Sycamore Partners, Seagate Technology, and Carlyle Group/SK Capital Partners.

Shareholder Rights: The law firm encourages shareholders from these companies to contact them for free consultations regarding their legal rights and options, emphasizing that they operate on a contingent fee basis with no upfront costs for clients.

Law Firm Overview: Monteverde & Associates PC, recognized as a Top 50 firm in securities class action services, is investigating several proposed mergers involving companies like Altus Power, Paragon 28, ESSA Bancorp, and Intevac, offering free consultations for shareholders concerned about these transactions.

Contact Information: Shareholders can reach out to Juan Monteverde at the firm's New York office for more information or assistance regarding their rights and potential claims related to the mergers.

Investigation of Companies: Halper Sadeh LLC is investigating potential violations of federal securities laws and breaches of fiduciary duties related to the sales of Chimerix, Intevac, and Bridge Investment Group Holdings, with offers of cash or stock for shareholders.

Legal Support for Shareholders: The firm encourages affected shareholders to contact them for free consultations regarding their rights and options, emphasizing that they operate on a contingent fee basis.