* Gets 'second request' from US Federal Trade Commission
* Says notice would extend HSR-waiting period
(Follows alerts)
May 23 (Reuters) - Seagate Technology plc said the U.S. Federal Trade Commission (FTC) has sought additional information on the company's proposed $1.4 billion buy of Samsung's hard disk unit.
Seagate said the 'second request' from the FTC would extend the Hart-Scott-Rodino waiting period until 30 days after the company complies with the request.
Seagate said in a filing that the FTC request pertains to its asset purchase agreement with Samsung and the related share issue.
Seagate had agreed to issue about 45.2 million shares -- valued at $687.5 million -- to Samsung Electronics as part of the deal.
(Reporting by Himank Sharma in Bangalore; Editing by Roshni Menon) Keywords: SEAGATE SAMSUNG/ (Himank.Sharma@thomsonreuters.com; Within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: Himank.Sharma@thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Says notice would extend HSR-waiting period
(Follows alerts)
May 23 (Reuters) - Seagate Technology plc said the U.S. Federal Trade Commission (FTC) has sought additional information on the company's proposed $1.4 billion buy of Samsung's hard disk unit.
Seagate said the 'second request' from the FTC would extend the Hart-Scott-Rodino waiting period until 30 days after the company complies with the request.
Seagate said in a filing that the FTC request pertains to its asset purchase agreement with Samsung and the related share issue.
Seagate had agreed to issue about 45.2 million shares -- valued at $687.5 million -- to Samsung Electronics as part of the deal.
(Reporting by Himank Sharma in Bangalore; Editing by Roshni Menon) Keywords: SEAGATE SAMSUNG/ (Himank.Sharma@thomsonreuters.com; Within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: Himank.Sharma@thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.