Deal Announced: March 10, 2002
Web Posted: March 11, 2002
Fenwick & West LLP represented its longtime client, Elantec Semiconductor, Inc., of Milpitas, California, in its merger with Intersil Corporation of Irvine, California. The transaction, valued at $1.4 billion of cash and Intersil stock at announcement, combines Elantec's analog mixed-signal chips used in the video and optical storage markets with Intersil's microchips that power high-speed wireless networks. Elantec's CEO, Richard Beyer, will become President and CEO of the combined company. The New York Times reported the transaction as "the largest technology deal of the year so far."
The Fenwick & West team was led by Firm Chair Gordon Davidson, M&A Group Co-Chair Doug Cogen and securities partner Robert Freedman. Jacque Palmer, intellectual property of counsel, Daniel Johnson, IP litigation partner, David Forst, tax partner, and Scott Spector and Garth Gartrell, employee benefits partners, provided critical assistance. The transaction team consisted of associates Craig Menden, Andrew Schultheis, T.J. Hall, Sean DeBruine, Bart Bassett, Matt Wilson, Eric Wiesen, Patricio Garavito, Jonathan Stueve, Greg Hartker, Devin Gensch, Kirk Gottlieb, Neil Maloney, Thomas Kim and Darci Winvick. All attorneys are based in the Firm's Palo Alto headquarters other than Cogen, Johnson, Gottlieb, Maloney and Wilson, of its San Francisco office, and Freedman and Palmer, who are based in Fenwick's Boise, Idaho office.