Key Developments: Seagate Technology PLC (STX.DF)
44.99USD
18 Jun 2013
$1.00 (+2.26%)
$43.99
$44.18
$45.04
$44.04
1,904,086
1,677,922
$45.04
$22.59
Latest Key Developments (Source: Significant Developments)
Seagate Technology PLC Announces Pricing Of Senior Notes Offering
Seagate Technology PLC announced the pricing of its previously announced offering of $1.0 billion aggregate principal amount senior notes due 2023. The Notes were priced at 100% of the aggregate principal amount and will bear interest at a rate of 4.75% per annum. The Notes will be issued by Seagate HDD Cayman, an indirect wholly-owned subsidiary of Seagate Technology plc, and guaranteed by Seagate Technology plc. The Notes are being sold in a private placement to qualified institutional buyers pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended. The sale of the Notes is expected to close on May 22, 2013, subject to customary closing conditions. Seagate estimates that the net proceeds from the offering will be approximately $987 million after deducting discounts and estimated offering expenses. Seagate intends to use the net proceeds from the offering of the Notes to replenish cash associated with the recent redemption of the 10% Senior Secured Notes, to retire up to an aggregate amount of $250 million of outstanding senior notes, and for general corporate purposes, which may include, but are not limited to, capital expenditures and other investments in the business, and other repurchases of indebtedness. Full Article
Seagate Technology PLC Announces Offering Of $1.0 Billion Of Senior Notes
Seagate Technology PLC announced that it intends, subject to market and other conditions, to offer up to of $1.0 billion aggregate principal amount of senior notes (the Notes) in a private placement. The Notes are expected to be issued by Seagate HDD Cayman, an indirect wholly-owned subsidiary of Seagate Technology plc, and guaranteed by Seagate Technology plc. Seagate intends to use the net proceeds from the offering of the Notes to replenish cash associated with the recent redemption of the 10% Senior Secured Notes, to retire up to an aggregate amount of $250 million of outstanding senior notes, and for general corporate purposes, which may include, but are not limited to, capital expenditures and other investments in the business, and other repurchases of indebtedness. Full Article
Seagate Technology PLC Issues Q4 2013 Revenue Guidance In Line With Analysts' Estimates-Conference Call
Seagate Technology PLC announced that for the fourth quarter of 2013, it expects revenues of approximately $3.3 billion to $3.45 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $3.35 billion for the fourth quarter of 2013. Full Article
Seagate Technology PLC Approves Quarterly Cash Dividend
Seagate Technology PLC announced that Board of Directors has approved a quarterly cash dividend of $0.38 per share, which will be payable on May 29, 2013 to shareholders of record as of the close of business on May 15, 2013. Full Article
Seagate Technology PLC Issues Q3 2013 Revenue Guidance In Line With Analysts' Estimates-Conference Call
Seagate Technology PLC announced that for third quarter of 2013, it expects revenue to be approximately $3.25-$3.45 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $3.45 billion for third quarter of 2013. Full Article
Seagate Technology PLC Raises Q2 2013 Revenue Guidance
Seagate Technology PLC announced that for the second quarter of 2013, it expects revenue of at least $3.6 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $3.5 billion for second quarter of 2013. Full Article
Seagate Technology PLC Declares and Increases Quarterly Cash Dividend by 19%
Seagate Technology PLC announced that Board of Directors has approved a quarterly cash dividend for its second fiscal quarter 2013 of $0.38 per share. The dividend is payable December 28, 2012 to stockholders of record as of the close of business on December 14, 2012. Full Article
Seagate Technology PLC Issues Q2 2013 Revenue Guidance In Line With Analysts' Estimates-Conference Call
Seagate Technology PLC announced that for second quarter of 2013, it expects revenue to be approximately $3.5 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $3.6 billion for second quarter of 2013. Full Article
Seagate Technology PLC Declares Quarterly Cash Dividend
Seagate Technology PLC announced that the Board of Directors has approved a quarterly cash dividend of $0.32 per share, which will be payable on November 29, 2012 to shareholders of record as of the close of business on November 14, 2012. Full Article
LaCie SA Announces Details of Public Tender Offer for its Shares Initiated by Seagate Technology Plc's Seagate Singapore International Headquarters
LaCie SA announced that Seagate Technology Plc's Seagate Singapore International Headquarters has launched a simplified public tender offer to acquire all of the Company's 10,964,610 shares which it does not already hold (excluding 60,000 shares held by LaCie SA, which represent 0.16% of the share capital) for the price of EUR 4.50 per share. Seagate Singapore International Headquarters currently holds 25,219,043 LaCie SA shares, that is 69.58% of the share capital. Following the offer, assuming that the required conditions are met, Seagate Singapore International Headquarters intends to initiate a squeeze-out. Full Article
Seagate results beat estimates on higher cloud demand
- Hard disk drive maker Seagate Technology Plc reported better-than-expected quarterly results on higher sales of its internet storage devices, and said it expects demand and pricing in the business to rise in the second half.
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