to describe the general terms and conditions of a proposed acquisition of part of Seagate Technology. Parties | Silver Lake Partners and Seagate Technology | Transaction | Silver Lake will purchase (the “Transaction”) the disk drive business of Seagate Technology and $765 million cash | Transaction Price & Method of Transaction | The purchase price to be paid by Silver Lake to the Existing Shareholders will equal $3.888 billion‚ based on a multiple of 3.85x FY1999 EBITDA. The transaction
Premium Contract Economics Transaction cost
transaction? What are other alternative ways to create value? The primary contemplated terms would be to sell Seagate’s disk drive mfg assets including $765M in cash to Suez Acquisition Company controlled by Silver Lake Partners. The purchase would be financed by equity put up by Silver Lake and also by an‚ as yet‚ undetermined amount of debt. In a second stage‚ the remaining assets of Seagate (essentially Veritas stock) would be merged with Veritas in a tax free stock swap. Seagate is undertaking
Premium Leveraged buyout Leverage Stock market
Questions 1. Why is Seagate undertaking these transactions (the buyout and the stock swap with Veritas)? Who are the winners and losers resulting from these transactions (e.g.‚ Seagate shareholders‚ Seagate management‚ Veritas shareholders‚ Silver Lake Partners)? 2. Who benefits from generic leveraged buyouts? Who loses? Is the rigid disk drive industry conducive to a leveraged buyout? NOTE: For the purposes of questions 3 through 5‚ assume that after the buyout‚ Seagate will incur NO AMORTIZATION
Premium Corporate finance Leveraged buyout
DISCRETE SEMICONDUCTORS DATA SHEET book‚ halfpage BC546; BC547; BC548 NPN general purpose transistors Product specification 1997 Mar 04 Supersedes data of September 1994 File under Discrete Semiconductors‚ SC04 Philips Semiconductors Product specification NPN general purpose transistors BC546; BC547; BC548 FEATURES Low current (max. 100 mA) Low voltage (max. 65 V). APPLICATIONS
Premium Philips
The Silver Lake Sand Dunes are a natural phenomenon that attracts more than a million visitors to western Michigan each year. Sand‚ sun and fun await you at the Silver Lake Sand Dunes nestled between the shores of Lake Michigan and Silver Lake in Oceana County. Tourism in this area dates back to the early 1920’s. At that time people usually travelled by train to the station located in Mears‚ Michigan. From there visitors and their trunks would be brought to the lake by horse and buggy. The area
Premium Lake Michigan Great Lakes Beach
Pepin III initiated the usage of the silver coin. As European exploration of foreign lands intensified during the sixteenth century‚ silver earned a high-ranking position on the global market as one of the most economically valuable natural resources in the world. The availability of silver increased and its popularity prompted the opening of new European and South American mines. As more mines were established‚ European governments started to issue larger silver coins‚ lessening the usage of gold
Premium Ming Dynasty Qing Dynasty China
LAKE A lake is a body of relatively still water of considerable size‚ localized in a basin‚ that is surrounded by land apart from a river‚ stream‚ or other form of moving water that serves to feed or drain the lake. Lakes are inland and not part of the ocean and therefore are distinct from lagoons‚ and are larger and deeper thanponds.[1][2] Lakes can be contrasted with rivers or streams‚ which are usually flowing. However most lakes are fed and drained by rivers and streams.Natural lakes are generally
Premium Atlantic Ocean Ocean Pacific Ocean
The Silver Sword- Ian Serraillier The Silver Sword is a story about the Balickis’‚ a Polish family‚ living in Warsaw. The story is about their separation due to the Nazi injustice in 1940 and how they reunite themselves in Switzerland after the war. It took them 5 years to reunite‚ the children have grown up‚ the adults have aged but at least they are all together again‚ along with a new member of the family. The first person that was separated from the family was the father‚ Joseph
Premium Switzerland Family
SILVER SWORD Joseph Balicki was a Polish man who was married to Margrit from Switzerland. Together‚ they had three children. When the second world war began the Nazis took Joseph to prison in the mountains. Their children were very young when the Nazis attacked them: Ruth was thirteen‚ Edek was eleven‚ and Bronia was three. Joseph Balicki frequently tried to escape‚ however the guards always caught him. For this‚ they locked him in a room alone. But‚ he had a plan. When the guard came to deliver
Premium Fish Nazism Nazi Germany
The Lake - Roger McGough !!! The purpose of this poem is to tell the audience to stop littering the lakes and other water bodies because it is hard for the sea animals to survive underwater. OMP- LIST The Poem The Lake For years there have been no fish in the lake. People hurrying through the park avoid it like the plague. Birds steer clear and the sedge of course has withered. Trees lean away from it‚ and at night it reflects‚ not the moon‚ but the blackness of its own depths. There are
Free Life Meaning of life Existential quantification