Seagate to acquire controlling interest in LaCie

Seagate said that it has entered an agreement to purchase a majority share in consumer HDD storage vendor LaCie. Seagate said it intends to acquire the 64.5 percent ownership share of LaCie from CEO Philippe Spruch and to also place a tender offer to purchase all remaining shares thereafter. Seagate is offering a base €4.05 per share in cash, but reserves the right to adjust the price based on the cash and debt position of the company at the time of closing.

2DayBlog.com

See also:
digitalhouse, Seagate to acquire controlling interest in LaCie