Seagate Technology Holdings PLC has announced its acquisition of Intevac, Inc. for $119 million. Under the terms of the agreement, Intevac shareholders will receive $4.00 per share, in addition to a special dividend of $0.052 per share and a regular dividend of $0.05 per share. This acquisition is expected to enhance Seagate's storage capabilities, particularly in the hard disk drive sector. Intevac specializes in manufacturing equipment for hard disk drives, which aligns with Seagate's strategic goals in the storage market. The deal is under investigation by Halper Sadeh LLC to determine if it is fair to Intevac shareholders.