tenneco technology has written it plan to buy the business maxtor for $ 1 . 9 million . both companies manufactures hard drives . the deal , estimated at 60 % of maxtor ' s opened share price , is intended to acquire maxtor ' s customers , not its technology . tenneco , which mainly produce disks for microsoft ' s atari 360 , will have over 40 % of the harder drive markets share . the sunnyvale valley , illinois , based seagate had 30 % of the hard drive market . when the acquisition gets it before these procedures , maxtor companies will receive . 37 of a share of seagate corporation stock for every 1 piece of the cupertino based company .
Maxtor is based in Milpita.