Seagate to Acquire Controlling Interest in LaCie

Stefan Mileschin · 24th May 2012, 07:45

Seagate Technology plc the worldwide leader in hard disk drives and storage solutions, and LaCie S.A., a leading manufacturer of consumer storage products, today announced an exclusive agreement with the intent for Seagate to acquire a controlling interest in LaCie.

Seagate has offered to purchase from Philippe Spruch, LaCie's chairman and CEO, and his affiliate, all of their shares, representing 64.5% of the outstanding shares of LaCie. Following receipt of governmental approvals and the close of this transaction, Seagate would commence an all-cash simplified tender offer (followed as the case may be by a squeeze-out procedure) to acquire the remaining outstanding shares in accordance with the General Regulation of the French Autorité des Marchés Financiers (AMF).

http://www.techpowerup.com/166533/Se...-in-LaCie.html

24th May 2012, 07:45	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,384	Seagate to Acquire Controlling Interest in LaCie Seagate Technology plc the worldwide leader in hard disk drives and storage solutions, and LaCie S.A., a leading manufacturer of consumer storage products, today announced an exclusive agreement with the intent for Seagate to acquire a controlling interest in LaCie. Seagate has offered to purchase from Philippe Spruch, LaCie's chairman and CEO, and his affiliate, all of their shares, representing 64.5% of the outstanding shares of LaCie. Following receipt of governmental approvals and the close of this transaction, Seagate would commence an all-cash simplified tender offer (followed as the case may be by a squeeze-out procedure) to acquire the remaining outstanding shares in accordance with the General Regulation of the French Autorité des Marchés Financiers (AMF). http://www.techpowerup.com/166533/Se...-in-LaCie.html

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