Storage giant Seagate has announced intentions to buy controlling interest in LaCie, a boutique hard drive and storage company.
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 approvals and the close of this transaction, Seagate would commence an all-cash simplified tender offer to acquire the remaining outstanding shares in accordance with the General Regulation of the French Autorité des Marchés Financiers (AMF). Seagate will acquire LaCie for US $186 million.
LaCie drives ha
