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

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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