Seagate Technology Announces Preliminary Interest Regarding a Going Private Transaction
14 Ottobre 2010 - 10:57PM
Business Wire
Seagate Technology plc (NASDAQ:STX) announced today that it has
received a preliminary indication of interest regarding a going
private transaction. The company is in discussions with the party
from whom it received the indication of interest, and its board of
directors is evaluating the indication of interest and other
strategic alternatives. The company has retained Morgan Stanley
& Co. Incorporated and Perella Weinberg Partners LP to provide
financial advice and Wilson Sonsini Goodrich & Rosati and
Arthur Cox as legal counsel. There is no assurance that the company
will receive a formal offer or that any transaction will take
place.
Neither the company nor its representatives will be providing
any additional comments regarding the preliminary indication of
interest.
About Seagate
Seagate is the world leader in hard disk drives and storage
solutions. Learn more at seagate.com.
The directors of Seagate accept responsibility for the
information contained in this announcement. To the best of the
knowledge and belief of the directors of Seagate (who have taken
all reasonable care to ensure that such is the case), the
information contained in this announcement is in accordance with
the facts and does not omit anything likely to affect the import of
such information.
Any holder of 1% or more of any class of relevant securities in
the Company may from the date of this announcement have disclosure
obligations under Rule 8.3 of the Irish Takeover Panel Act, 1997,
Takeover Rules 2007 (as amended).
Morgan Stanley & Co. Incorporated and certain of its
associated entities (“Morgan Stanley”) and Perella Weinberg
Partners LP and certain of its associated entities (“Perella
Weinberg Partners”) are acting as financial advisers to Seagate and
no one else in connection with the matters set out in this
announcement and will not be responsible to anyone other than
Seagate for providing the protections afforded to the clients of
Morgan Stanley or Perella Weinberg Partners, respectively, nor for
providing advice in relation to the contents of this announcement
or any other matter referred to herein.
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