Xyratex Ltd Amends Shareholder Rights Plan
December 13 2013 - 4:00PM
PR Newswire (US)
HAVANT, United Kingdom,
Dec. 13, 2013 /PRNewswire/
-- Xyratex Ltd (Nasdaq: XRTX) today announced that its Board
of Directors has amended its shareholder rights plan. The
amendment extends the expiration date of the plan from December 17, 2013 to December 17, 2014. The amendment was
not in response to any acquisition proposal.
About Xyratex
Xyratex is a leading provider of data storage technology,
including modular solutions for the enterprise data storage
industry and hard disk drive (HDD) capital equipment for the HDD
industry. Xyratex enterprise data storage platforms provide a range
of advanced, scalable data storage solutions for the Original
Equipment Manufacturer and High Performance Computing communities.
As the largest capital equipment supplier to the HDD industry,
Xyratex enables disk drive manufacturers and their component
suppliers to meet today's technology and productivity requirements.
Xyratex has over 25 years of experience in research and development
relating to disk drives, storage systems and manufacturing process
technology.
Founded in 1994 in an MBO from IBM, and with headquarters in the
UK, Xyratex has an established global base with R&D and
operational facilities in North
America, Asia and
Europe.
SOURCE Xyratex Ltd
Copyright 2013 PR Newswire
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