Key Developments: Seagate Technology PLC (STX.O)

STX.O on Nasdaq

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29 Aug 2014
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$0.49 (+0.79%)
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Latest Key Developments (Source: Significant Developments)

Seagate Technology PLC gives Q1 2015 revenue guidance above analysts' estimates - Conference Call
Thursday, 17 Jul 2014 05:30pm EDT 

Seagate Technology PLC:Plans to achieve revenue of at least $3.55 billion in Q1 2015.Q1 2015 revenue of $3.54 billion - Thomson Reuters I/B/E/S.  Full Article

Seagate Technology PLC declares dividend
Thursday, 17 Jul 2014 04:01pm EDT 

Seagate Technology PLC:Approves a quarterly cash dividend of $0.43 per share.Payable on Aug. 22 to shareholders of record as of the close of business on Aug. 8.  Full Article

Seagate Technology PLC announces completion of cash tender offers for outstanding 7.000 pct senior notes due 2021 and 6.875 pct senior notes due 2020
Wednesday, 18 Jun 2014 01:48pm EDT 

Seagate Technology PLC:Completes cash tender offers by its wholly owned subsidiary, Seagate HDD Cayman (HDD Cayman), previously announced on May 20, 2014 (Tender Offers).To purchase up to an aggregate combined principal amount of $300 mln of outstanding 7.000 pct Senior Notes due 2020 and outstanding 6.875 pct Senior Notes due 2020.Tender Offers expired at 11:59 p.m., New York City time, on June 17, 2014.Morgan Stanley & Co. LLC acted as the sole dealer manager (the "Dealer Manager") for the Tender Offers and Global Bondholder Services Corporation acted as depositary and information agent for the Tender Offers.As of the expiration of the Tender Offers, HDD Cayman had received tenders for an aggregate principal amount of about $277.5 mln of the 2021 Notes and an aggregate principal amount of about $252.4 mln of the 2020 Notes.  Full Article

Seagate Technology to acquire LSI's Flash Businesses From Avago
Thursday, 29 May 2014 07:49am EDT 

Seagate Technology PLC:Enters into definitive asset purchase agreement under which Seagate to acquire the assets of LSI's Accelerated Solutions Division and Flash Components Division from Avago for $450 mln in cash.Transaction is expected to close in the third quarter of calendar year 2014.  Full Article

Seagate Technology PLC announces pricing and increased size of senior unsecured notes offering
Tuesday, 20 May 2014 05:35pm EDT 

Seagate Technology PLC:Increases size of its previously announced offering of $500 mln aggregate principal amount of senior notes due 2025 (Notes) to $1 bln.The Notes were priced at 100 pct of aggregate principal amount and will bear interest at a rate of 4.75 pct per annum.Notes will be issued by Seagate HDD Cayman, an indirect wholly-owned subsidiary of Seagate Technology plc (Seagate), and guaranteed by Seagate.Sale of Notes is expected to close on May 28, 2014.Seagate estimates that net proceeds from the offering will be about $987 mln after deducting underwriting discounts and estimated offering expenses.Seagate intends to use the net proceeds from the offering of the Notes for general corporate purposes, which may include, but are not limited to, the retirement of a portion of its outstanding indebtedness, capital expenditures and other investments in the business.  Full Article

Seagate Technology PLC announces offering of $500 mln of senior unsecured notes
Tuesday, 20 May 2014 07:52am EDT 

Seagate Technology PLC:Intends to offer up to $500 mln aggregate principal amount of senior notes in a private placement.Notes are expected to be issued by Seagate HDD Cayman, an indirect wholly owned subsidiary of Seagate Technology plc and guaranteed by Seagate.Intends to use the net proceeds from the offering of the Notes for general corporate purposes.  Full Article

Seagate Technology PLC gives Q4 2014 revenue guidance in line with analysts' estimates - Conference Call
Tuesday, 29 Apr 2014 05:00pm EDT 

Seagate Technology PLC:Expects Q4 2014 revenues of at least $3.3 billion.Q4 2014 revenue of $3.4 billion - Thomson Reuters I/B/E/S.  Full Article

Seagate Technology declares quarterly dividend
Tuesday, 29 Apr 2014 04:01pm EDT 

Seagate Technology PLC:Declares quarterly cash dividend of $0.43 per share.Payable on May 28 to shareholders of record as of the close of business on May 14.  Full Article

Seagate Technology plc completes acquisition of Xyratex
Monday, 31 Mar 2014 04:00pm EDT 

Seagate Technology PLC:Completes acquisition of Xyratex Ltd.All shares of Xyratex are expected to be delisted from NASDAQ stock market immediately following closing.Allen & Company LLC served as financial advisor and Wilson Sonsini Goodrich & Rosati served as primary legal advisor to Seagate in connection with the transaction.  Full Article

Seagate Technology PLC gives Q3 2014 revenue guidance in line with analysts' estimates - Conference Call
Monday, 27 Jan 2014 08:00pm EST 

Seagate Technology PLC:See Q3 2014 revenue to achieve at least $3.4 bln.Q3 2014 revenue of $3.46 bln - Thomson Reuters I/B/E/S.  Full Article

U.S. panel rules Seagate, Avago's LSI do not violate Realtek patent

WASHINGTON - Avago Technologies Ltd's LSI and Seagate Technology do not violate patented technology owned by Realtek Semiconductor Corp, the U.S. International Trade Commission said on Monday.

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