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Tag Archives: Seagate Technology

Make merry this Christmas with Seagate’s “Holidays Happen” online sweepstakes

As part of its holiday promotion, Seagate Technology is offering consumers in the Philippines the opportunity to win PHP 100,000 (USD 2,500) worth of prizes in a lucky draw with the purchase of any Seagate storage product.

Consumers simply have to make a purchase at selected Seagate authorized resellers between 1 November and 31 December 2012, and drop completed Holiday Happens Online raffle coupons at drop boxes located at the cashier counter. While customers will get one raffle coupon with the purchase of each Seagate storage drive, the number of raffle coupons earned increases with the purchase of hard drives with higher capacities. Read the rest of this entry »

 
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Posted by on November 19, 2012 in Seagate, Technology

 

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Seagate and Densbits announce Strategic Agreement for development of Solid State Drives for Consumer and Enterprise Markets

Seagate Technology plc., the worldwide leader in hard disk drives and storage solutions, and DensBits Technologies Ltd.,the inventor of the world’s first Memory ModemTM have recently announced a strategic agreement for the development of low-cost, high-performance Solid State Drives (“SSD”) for the consumer and enterprise markets. In conjunction with the agreement, Seagate has made an undisclosed equity investment in DensBits.

Seagate and DensBits are joining forces, to develop future products that are intended to provide customers with significant cost savings, extremely high reliability, and unparalleled performance. Read the rest of this entry »

 
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Posted by on July 7, 2012 in Seagate, Technology

 

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Seagate and Lacie announce exclusive agreement with intent for Seagate to acquire controlling interest in Lacie

Seagate Technology plc 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 approvals[1] 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).

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. Read the rest of this entry »

 
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Posted by on May 24, 2012 in Seagate

 

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