Seagate Technology (NASDAQ:STX) announced that it will acquire a majority stake of its rival LaCie S.A., for $186.0 million. France-based LaCie is a well known consumer storage device maker. The deal is expected to be wrapped up by September 2012, after securing regulatory approval regarding anti-trust and foreign investment requirements.
Seagate will initially purchase the entire holding of LaCie’s chairman and CEO, Philippe Spruch, and his affiliate. The transfer of holdings will give Seagate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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