Seagate Technology Holdings plc (Nasdaq: STX), a major player in mass-capacity data storage, has finalized the purchase of Intevac, Inc. (Nasdaq: IVAC), a provider of thin-film processing systems. The acquisition involved a cash tender offer at $4.00 per share for all outstanding shares of Intevac's common stock, totaling a substantial amount. Seagate's move signifies a strategic expansion in their industry presence and technological capabilities.