Simpson Thacher & Bartlett and Tsar & Tsai Law Firm have advised Taiwanese electronic component manufacturer Yageo Corp on its $1.8 billion acquisition of U.S. rival Kemet Corp, which was counselled by Skadden, Arps, Slate, Meagher & Flom.
According to Reuters, the deal is expected to close in the second half of 2020, and will result in combined annual revenues of about $3 billion. Yageo’s global footprint would increase with additional operations in North America, Europe and Asia, the companies said in a joint statement, Reuters added.
The Simpson Thacher team was led by partners Michael T. Holick, Justin Lungstrum, Jeannine McSweeney, Jonathan Goldstein, Peter Guryan, Abram Ellis and Lori Lesser.
Partners Richard Grossman, Christopher Barlow, Sal Guerrera, Ivan Schlager, Regina Olshan, Sally Thurston, Kenneth Schwartz, Frederic Depoortere, Audrey Sokoloff and Resa Schlossberg led the Skadden team.
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