MAXTOR <MXTR> AGREES TO ACQUIRE U.S. DESIGN Maxtor Corp and U.S. Design Corp <USDC>, said they reached definitive agreement covering the acquisition of U.S. Design by Maxtor. They said the arrangement, which is subject to a number of conditions including U.S. Design shareholder approval, calls for Maxtor to issue 12 mln dlrs worth of its own common stock in exchange for all of U.S. Design. The number of Maxtor shares to be issued will be determined by the average closing price of Maxtor stock over the 10 trading day period prior to the day the acquisition becomes effective, the companies also said.