Seagate förvärvar Lacie

Seagate förvärvar Lacie

Världens största tillverkare av hårddiskar sluter avtal med avsikt att förvärva Lacie, som bland annat producerar lagringsenheter ur den högre skolan.

Seagate tar det första steget mot ett förvärv av Lacie. Hårddiskjätten avser att köpa 64,5 procent av ägaren Philippe Spruch med samarbetspartners och planerar att ta över de resterande andelarna i enlighet med franska konkurrenslagar.

Seagate announced that we have entered into an exclusive agreement with the intent to acquire a controlling interest in LaCie S.A., a leading manufacturer of consumer storage products.

Seagate betalar cirka 4 euro per aktie för affären, vilket innebär att Lacie värderas till ungefär 146 miljoner euro. Det innebär ett prispåslag på cirka 30 procent jämfört med företagets nuvarande aktiekurs. Om affären godkäns av berörda myndigheter beräknas detaljerna bli klara under tredje kvartalet 2012.

Lacie gundades 1987 i Oregon, USA, och köptes upp av lagringsjätten Quantum för att senare gå samman med franska électronique d2. Företaget har det senaste årets satsat stenhårt på bland annat gränssnittet Thunderbolt, med flera olika lagringsenheter på marknaden.

Läs hela pressmeddelandet.

Seagate and LaCie Announce Exclusive Agreement with Intent for Seagate to Acquire Controlling Interest in LaCie

Seagate has Offered to Purchase LaCie CEO's 64.5% Ownership Position; Seagate to Subsequently Commence Tender Offer for Remaining Outstanding Shares

CUPERTINO, Calif. & PARIS-- Seagate Technology plc (NASDAQ: STX) the worldwide leader in hard disk drives and storage solutions, and LaCie S.A. (Euronext: LAC), a leading manufacturer of consumer storage products, today announced an exclusive agreement with the intent for Seagate to acquire a controlling interest in LaCie. Seagate has offered to purchase from Philippe Spruch, LaCie's chairman and CEO, and his affiliate, all of their shares, representing 64.5% of the outstanding shares of LaCie. Following receipt of governmental approvals1 and the close of this transaction, Seagate would commence an all-cash simplified tender offer (followed as the case may be by a squeeze-out procedure) to acquire the remaining outstanding shares in accordance with the General Regulation of the French Autorité des Marchés Financiers (AMF).

"With the proliferation of devices and content being shared and stored today, consumer demand for high-quality branded storage solutions continues to grow"
Seagate has offered Mr. Spruch and his affiliate €4.05 per share in cash, minus a potential adjustment depending on the cash and debt position of LaCie at closing. This price may be increased by a possible price supplement of 3% in the event that the threshold of 95% of the shares and voting rights of LaCie would be reached by Seagate within 6 months following closing, resulting in a maximum potential price per LaCie share of €4.17. Without the price supplement, the offer currently values LaCie at an approximate €146 million, or $186 million total equity value, including acquired net cash of approximately €49 million, or $65 million, as of March 31, 2012. The €4.05 per share price represents a premium of 29% to LaCie's average closing stock price over the 30 trading days ended May 22, 2012.

Ricol Lasteyrie & Associés was appointed today as independent expert by the board of directors of LaCie, to deliver a fairness opinion on the price that would be offered in the context of the tender offer, including in the perspective of a potential squeeze-out procedure.

The transaction would combine two highly complementary product and technology portfolios, adding LaCie's line of premium branded consumer storage solutions, network-attached storage solutions and software offerings to Seagate's array of mainstream consumer storage products. The combination would accelerate Seagate's growth strategy in the expanding consumer storage market, particularly in Europe and Japan, and add strong engineering and software development capabilities, as well as relationships with several key retailers.

The transaction is expected to be neutral to Seagate's fiscal 2013 earnings per share.

Following the close of the sale of his shares to Seagate, Mr. Spruch would join Seagate and lead the company's consumer storage products organization. Reporting to him would be Patrick Connolly, who currently serves as vice president and general manager of Seagate's retail group, as well as Pierre van der Elst, who currently serves as deputy general manager of LaCie. The financial terms of the new position of Mr Spruch are not determined as of today and would therefore be described subsequently, including in the tender offer documentation.

"Seagate has a strong commitment to the growing consumer storage market and bringing the most dynamic products to market. LaCie has built an exceptional consumer brand by delivering exciting and innovative high-end products for many years. This transaction would bring a highly complementary set of capabilities to Seagate, significantly expand our consumer product offerings, add a premium-branded direct-attached storage line, strengthen our network-attached storage business line and enhance our capabilities in software development," said Steve Luczo, Seagate chairman, president and CEO. "We are also excited that Philippe, who is a true visionary and leader in the consumer storage business, would join Seagate to run our consumer storage products organization."

"With the proliferation of devices and content being shared and stored today, consumer demand for high-quality branded storage solutions continues to grow," said Philippe Spruch, LaCie's chairman and CEO. "We are excited about the potential for this combination to benefit customers and employees by creating significant scale and opening up new markets. We look forward to making the resources of a much larger company available to our customers around the world."

LaCie will initiate the information and consultation process required by its employee representative council in relation to the contemplated transaction, in accordance with French law. Upon completion of this process, Seagate and Mr. Spruch would execute a definitive share purchase agreement and finalize the purchase of the controlling interest held by Mr. Spruch and his affiliate. This share purchase transaction is expected to close in the third calendar quarter of 2012 pending completion of the relevant governmental reviews. Seagate would then commence a tender offer for the remaining outstanding shares of LaCie (followed as the case may be by a squeeze-out procedure), subject to a clearance decision from the AMF. The tender offer is expected to be completed in the third calendar quarter of 2012.

The transaction is subject to regulatory approval in the United States (antitrust filing), France (approval of foreign investments by the Ministry of Finance) and other jurisdictions (antitrust filing in Germany) and to other customary closing conditions.

Morgan Stanley & Co. LLC served as financial advisor and Allen & Overy LLP served as legal advisor to Seagate in connection with the transaction. De Pardieu Brocas Maffei A.A.R.P.I. served as legal advisor to LaCie.

Visa mer
Kommentarer till artikeln

29 debattinlägg

Skicka en rättelse
16

Testpilot: Adata Ultimate SU900 256 GB

NVMe och PCI Express lagring är på framtåg men än är inte SATA-enheterna ute ur leken. Testpiloten David Kvist tar sig en närmre titt på Adatas mellanklassare Ultimate SU900. Läs mer

47

FSP avtäcker vattenkylda nätaggregatet Hydro PTM+

Tillverkaren FSP blir först ut på marknaden med ett vattenkylt nätaggregat i form av Hydro PTM+, en helmodulär modell med 80 Plus Platinum-certifiering och en effekt på 1 200 W. Läs mer

20

Acer lanserar Predator Z35P – högupplöst 35-tummare på 100 Hz med G-Sync

Taiwanesiska Acer fortsätter satsa på skärmar riktade mot gaming. Senast ut blir nu Predator Z35P, en ultrabred 35-tumsskärm som kan kan klockas upp till 120 Hz. Läs mer

2

FZ recenserar actionrollspelet The Surge

CI Games följer upp Dark Souls-inspirerade Lords of the Fallen med The Surge i samma genre. SweClockers syskonsajt har testat spelet och satt betyg. Läs mer

73

Microsoft lanserar Windows 10 China Government Edition

Tillsammans med kinesiska myndigheter har Microsoft tagit fram Windows 10 China Government Edition, en specialanpassad version av Windows med egen kryptering för information. Läs mer

85

Elgiganten öppnar i SweClockers forum

Återförsäljaren Elgiganten storsatsar på datorkomponenter och gaming och tar nu klivet in på SweClockers forum, där medlemmarna kan ställa frågor om alltifrån service till sortiment. Läs mer

18

Samsung visar töjbar OLED-skärmpanel

Koreanska Samsung gör nya framsteg när det kommer till flexibla skärmpaneler, med en töjbar skärm som både kan böjas, vikas och rullas ihop utan att förlora sin ursprungliga form. Läs mer

8

Techpowerup släpper GPU-Z 2.1.0 med flik för avancerad information

I nästa stora nyversion av GPU-Z tillkommer en "Advanced"-flik, där användare bland annat kan läsa av vilka minneskretsar grafikkortet är utrustat med. Läs mer

52

Microsoft tillkännager nya Surface Pro

Kort efter introduktionen av Surface Laptop lanserar Microsoft nästa generations Surface Pro, med bättre prestanda, 50 procent längre batteritid och ett nytt tangentbord. Läs mer

26

Tekken 7 får systemkrav

Under den kommande månaden lanseras Tekken 7 till konsol samt även för första gången till PC. Inför detta går nu utvecklaren ut med systemkraven för spelet på plattformen. Läs mer

33

Destiny 2 blir utan dedikerade servrar på PC

Bungie bekräftar att Destiny 2 precis som föregångaren blir utan dedikerade servrar, både på konsol och PC. Istället väntas det använda samma peer-to-peer-system som Destiny. Läs mer

17

Nvidia släpper drivrutin för Tekken 7 och Star Trek: Bridge Crew

Inom kort lanseras de två nya speltitlarna Tekken 7 och Star Trek: Bridge Crew till PC. Inför detta släpper nu Nvidia en ny drivrutin med diverse optimeringar för spelen. Läs mer