Seagate Technology Plc, maker of hard drives and storage devices, has agreed to pay $90.3 million for the former manufacturing plant and headquarters building of bankrupt Solyndra LLC, which was financed by a controversial government loan, Reuters reported yesterday. Seagate's offer will be considered the stalking horse bid, which could be topped by a competing offer of at least $1 million more when an auction is held, according to court documents filed late on Wednesday. A hearing to set the terms and date for the auction and declare Seagate's offer the stalking horse has been set for Sept. 24.
