Seagate Closed at $805.63, Down 9.18%, and Western Digital…

AI summary of the source article

Hard-disk drive makers Seagate Technology and Western Digital experienced notable share declines on October 6, 2026, closing down 9.18% to $805.63 and 6.93% to $411.04, respectively. The drop followed a Bloomberg report stating Seagate and Toshiba are in a multi-billion-dollar contest to acquire TDK's magnetic-heads business. According to reports, Toshiba engaged in talks earlier in the year, followed by a higher bid from Seagate over the summer. Neither company filed a Form 8-K with the SEC regarding the reported talks, and the Nasdaq Composite gained 0.45% during the same session.

Key facts

• Seagate fell 9.18% to $805.63 while Western Digital dropped 6.93% to $411.04 on October 6, 2026.
• Bloomberg reported Seagate and Toshiba are competing to acquire TDK's magnetic-heads business in a deal potentially worth several billion dollars.
• Neither Seagate nor Western Digital filed a Form 8-K with the SEC on the day of the reported talks.