Seagate and LaCie Announce Signature of Binding Share Purchase Agreement for the Acquisition of a Controlling Interest in LaCie
14 Giugno 2012 - 10:01PM
Business Wire
Following their press release issued on May 23, 2012 announcing
exclusive negotiations and the receipt on June 8, 2012 of the
opinion of the employee representative body of LaCie S.A.
(Euronext:LAC), Seagate Technology plc (NASDAQ:STX) and LaCie
announced today that Seagate, Philippe Spruch, LaCie’s chairman and
CEO, and his affiliate, have entered into a binding share purchase
agreement to purchase all of the shares of Philippe Spruch and his
affiliate, representing 64.5% of the outstanding shares of LaCie
for a provisional price of €4.05 per share (as may be adjusted
downwards depending on the cash and debt position of LaCie at
closing). As previously announced, Ricol Lasteyrie & Associés
have been appointed as independent expert by the Board of Directors
of LaCie on June 23, 2012. The transaction has already received
clearance from the US Antitrust Authorities but remains subject to
regulatory approval in France (approval of foreign investments by
the Ministry of Finance) and Germany (antitrust filing) and to
other customary closing conditions.
Following the acquisition of the control of LaCie, Seagate will
file an all-cash simplified tender offer on the remaining LaCie
shares at a price of €4.05 (as potentially adjusted downwards as
set forth above). This price shall be increased by 3% in the event
that a squeeze-out procedure is implemented (as a result of the
acquisition of 95% of the shares and voting rights), resulting in a
maximum potential price per LaCie share of €4.17.
About Seagate
Seagate is the world leader in hard disk drives and storage
solutions. Learn more at www.seagate.com.
About LaCie
With operations in the Americas, Europe and Asia, LaCie is the
leading manufacturer of storage devices for PC, Apple, and Linux.
LaCie has differentiated itself through sleek design and remarkable
technical performance. Find out more about our products at
www.lacie.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, including in particular, statements about our plans,
strategies, prospects and the potential transaction. These
statements include prospective information and include words such
as “expects,” “plans,” “believes,” “anticipates,” “estimates,”
“predicts,” “projects,” “may,” “should” and similar expressions.
Forward-looking statements included in this press release include,
but are not limited to, statements regarding the expected benefits
from the proposed transaction, the financial impact of the proposed
transaction to the Company’s financials, statements regarding the
parties’ ability to consummate the proposed transaction,
satisfaction of closing conditions precedent to the consummation of
the proposed transaction, the parties’ expectations with respect to
integration, and the timing for closing the proposed transaction.
These forward-looking statements are based on information available
to the Company as of the date of this press release. Current
expectations, forecasts and assumptions involve a number of risks,
uncertainties, and other factors that could cause actual results to
differ materially from those anticipated by these forward-looking
statements. Such risks, uncertainties, and other factors may be
beyond the Company’s control. Information concerning risks,
uncertainties and other factors that could cause results to differ
materially from those projected in the forward-looking statements
is contained in the Company’s Annual Report on Form 10-K and Form
10-K/A as filed with the U.S. Securities and Exchange Commission on
August 17, 2011 and August 24, 2011 respectively, and in the
Company’s Quarterly Report on Form 10-Q as filed with the U.S.
Securities and Exchange Commission on October 27, 2011, February 2,
2012 and April 30, 2012 respectively, which statements are
incorporated into this press release by reference. These
forward-looking statements should not be relied upon as
representing the company’s views as of any subsequent date and
Seagate undertakes no obligation to update forward-looking
statements to reflect events or circumstances after the date they
were made.
Grafico Azioni Seagate Technology (NASDAQ:STX)
Storico
Da Set 2024 a Ott 2024
Grafico Azioni Seagate Technology (NASDAQ:STX)
Storico
Da Ott 2023 a Ott 2024