Fenwick & West LLP represented Advanced Micro Devices, Inc. (NYSE: AMD) in the spin-off of its flash memory business. The new company, Spansion Inc. (Nasdaq: SPSN) raised over $500 million during its IPO on Friday, December 15, 2005. AMD is retaining a 40% interest in Spansion; memory partner Fujitsu will hold a 20% interest.
Details of the transaction are available on the Spansion website
The Fenwick & West tax team included partner David Forst and associate Andy Kim.
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