Adaptec, Inc. (NASDAQ: ADPT) shares rose 3% over a day after the company announced they have agreed to acquire Aristos Logic . The definitive agreement was signed on August 28, 2008. Adaptec has agreed to pay approximately million for Aristos, a provider of RAID solutions. The Chief Executive Officer of Aristos, Anil Gupta, commented on the agreement: "We are excited to be a part of Adaptec, a recognized leader in the data storage I/O market. read more in hotstocked.com
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Alternative Investments September 1st, 2008
