Seagate Buying LaCie

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Tim Higgins

Seagate has announced its intent to acquire 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. The all-cash offer at current market value comes in at $186M.

The deal is aimed at adding LaCie’s higher end direct-attached and networked storage products to Seagate’s consumer product line, with an aim of boosting growth in consumer storage, with a focus on European and Japanese markets.

The acquisition is expected to complete in Q3 of this year.

Read the full release.

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