Seagate and LaCie Announce Signature of Binding Share Purchase Agreement

Stefan Mileschin · 18th June 2012, 08:00

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., Seagate Technology plc 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.

http://www.techpowerup.com/167708/Se...Agreement.html

18th June 2012, 08:00	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,514	Seagate and LaCie Announce Signature of Binding Share Purchase Agreement 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., Seagate Technology plc 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. http://www.techpowerup.com/167708/Se...Agreement.html

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Seagate to acquire LaCie	Stefan Mileschin	WebNews	0	24th May 2012 09:21
Seagate to Acquire Controlling Interest in LaCie	Stefan Mileschin	WebNews	0	24th May 2012 08:45
Microsoft, Facebook Announce Patent Agreement	Stefan Mileschin	WebNews	0	24th April 2012 07:57
New LaCie 2big Thunderbolt Series Models Available for Purchase	Stefan Mileschin	WebNews	0	16th February 2012 07:51
ATI is a duff purchase for AMD	jmke	WebNews	0	7th August 2006 18:49
EVGA is proud to announce the EVGA e-GeForce 7900 GT Signature Series	jmke	WebNews	0	8th May 2006 12:38
AMD’s Market Share Climbs Up / Intel’s Market Share Plunges	jmke	WebNews	0	31st October 2005 15:39
Last few questions before purchase....	eskellie8	General Madness - System Building Advice	7	29th December 2004 02:42
VIA and QSound Announce Licensing Agreement for Audio Technology	jmke	WebNews	0	5th December 2004 16:34