Seagate Confirms Acquisition of Public Company Dot Hill for $696 million
Continuing to invest into storage subsystems
This is a Press Release edited by StorageNewsletter.com on October 7, 2015 at 2:55 pmSeagate Technology plc completed its previously announced acquisition of Dot Hill Systems Corp., a supplier of software and hardware storage systems.
Under the terms of the definitive agreement signed between Seagate and Dot Hill, an indirect wholly owned subsidiary of Seagate commenced a tender offer for all of the outstanding shares of Dot Hill in an all-cash transaction valued at $9.75 per share, or a total of approximately $696 million on a fully-diluted equity value basis.
The tender offer and the second step merger contemplated by Seagate’s definitive agreement with Dot Hill were completed on October 6, 2015. As a result, Dot Hill has become an indirect wholly-owned subsidiary of Seagate and will no longer be listed for trading on the Nasdaq.
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Seagate to Acquire Dot Hill for $694 Million
Continuing to invest outside HDD core business
2015.08.19 | Press Release | [with our comments]
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