Seagate and LaCie Announce Terms for Acquisition

May 25, 2012, 09:57 AM

Seagate Technology and LaCie have announced an exclusive agreement for Seagate to acquire a controlling interest in LaCie, pending regulatory approval. The offer values LaCie at approximately 186 million dollars, including acquired net cash of approximately 65 million dollars as of March 31, 2012. This represents a premium of 29 Percent to LaCie's average closing stock price over the 30 trading days ended May 22, 2012.

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