… But US Federal Trade Commission Cleared the Transaction

According to a SEC filing published by Seagate Technology plc on December 8, 2011, the company received notice from the United States Federal Trade Commission (FTC ) that the investigation that it had conducted under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, for Seagate’s pending acquisition of certain assets and assumption of certain liabilities relating to the research and development, manufacture and sale of hard-disk drives of Samsung Electronics Co. Ltd. and Samsung’s proposed acquisition of certain voting securities of Seagate pursuant to that certain Asset Purchase Agreement entered into by and among Samsung, Seagate Technology International and Seagate on April 19, 2011 the transaction had been closed, and that no further action was warranted by the FTC.

In addition, Seagate received notice from the Chinese Ministry of Commerce (MOFCOM) on December 12, 2011 that MOFCOM has conditionally cleared the transaction.

Seagate expects the transaction to close prior to December 31, 2011.