Seagate and LaCie Declare Unique Contract with Intent for Seagate to Obtain Managing Attention in LaCie

Diposting oleh fawaid on Kamis, 24 Mei 2012


Seagate has Provided to Buy LaCie CEO's 64.5% Possession Position; Seagate to Therefore Continue Soft Provide for Staying Excellent Shares

Seagate Technological innovation plc he globally innovator in hard disks and storage space alternatives, and LaCie S.A. (Euronext: LAC), a leading manufacturer of customer storage space items, these days declared a unique agreement with the intent for Seagate to obtain a controlling curiosity about LaCie. Seagate has accessible to obtain from Philippe Spruch, LaCie's chairman and CEO, and his online, all of their stocks, comprising 64.5% of the outstanding stocks of LaCie. Following invoice of government approvals1 and the near of this deal, Seagate would commence an all-cash simple tender offer (followed as the situation may be by a squeeze-out procedure) to obtain the outstanding stocks using the Common Control of the People from italy Autorité des Marchés Bankers (AMF).
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