Reuters: Global Markets: OCZ shares surge after buyout report

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OCZ shares surge after buyout report Jul 19th 2012, 14:11 Thu Jul 19, 2012 10:11am EDT (Reuters) - Shares of OCZ Technology Group Inc (OCZ.O) spiked as much as 20 percent in early trade following a report that larger rival Seagate Technology Plc (STX.O) had offered to buy out the solid-state hard drive maker. Fudzilla.com, a hardware industry blog, reported on Thursday that Seagate is considering acquiring OCZ to boost its SSD product portfolio. The website said a deal could be announced as early as next week. Seagate and OCZ were not immediately available for comment. OCZ shares were trading up 15 percent at $15.24 on the Nasdaq.

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