Seagate finalises purchase of shares in LaCie, holds controlling interest

Macworld Australia Staff
6 August, 2012
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Storage manufacturer Seagate has secured  its acquisition for controlling interest in peer storage maker LaCie, following the completion of a share purchase today.

Seagate bought the shares off Philippe Spruch and his affiliate that represent 64.5 percent of the outstanding shares of the company at a provisional price of €4.05 per share.The share price paid to Spruch and his affiliate could increase by three percent, however,  if from six months from today, Seagate holds a minimum of 95 percent of the share capital and voting rights of LaCie.

Following the completion of its transaction, Seagate is planning to lodge “all-cash simplified tender” with the French Autorité des marches financiers “in the coming weeks” for the remaining LaCie shares, outlined by Seagate in a press release.

“Following discussions with the Board of Directors of LaCie, in particular with the independent members, Seagate has increased the proposed offer price at which it will file its tender offer to €4.50 per LaCie share (without an additional 3 percent price supplement in the event that a squeeze-out procedure is implemented)”, the company states.

“Seagate may carry out a squeeze-out procedure at the same price of €4.50 per LaCie share if it were to hold at least 95 percent of the shares and voting rights of LaCie”.

The Board of Directors have welcomed Seagate’s revised offer price and have said they will support the offer, provided the final report of the independent expert – Ricol Lasteyrie & Associés – confirms the valuation.


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  1. Meincranbourne says:

    As long as they don’t make the same stupid decisions that made their NAS devices non compliant with Apple systems that’s okay.

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