Renesas Electronics $3.2 billion acquisition of Intersil

Overview:

• Japanese semiconductor Renesas Electronics has acquired US-based Intersil in a $3.2 billion deal.
• The transaction is expected to close within the first half of 2017.
• Morrison & Foerster (Gary Smith, Jeff Schrepfer, Jeffrey Bell) advised Renesas.
• Jones Day (Daniel Mitz, Micheal Regan) and Covington & Burling (David Fagan, Mark Plotkin) advised Intersil.
• Simpson Thacher & Bartlett (Kirsten Jensen) represented Intersil financial adviser JPMorgan Chase.

Kurt Stumpo - Journalist - North America and the Caribbean