Seagate, Western Digital Fall on Toshiba Competition, TDK Bid Report

Seagate and Western Digital shares fell again Tuesday after Bloomberg reported that Toshiba and Seagate are competing to acquire TDK's magnetic-heads business, which could be worth several billion dollars. This follows a Nikkei report that Toshiba plans to double HDD production capacity for data centers. Analysts noted antitrust concerns for a Seagate-TDK deal. Seagate stock is down 8% to 815.50, Western Digital down 6% to 412.82.