Disk drive and storage maker Seagate Technology PLC said it is in discussions with an unnamed party that is interested in taking the company private.

Seagate said yesterday its board is evaluating the “indication of interest regarding a going-private transaction” and other strategic alternatives. It stressed that there is no guarantee that it will receive a formal offer or complete a deal.

The company said it has retained Morgan Stanley and Perella Weinberg Partners to provide financial advice.