Fenwick & West LLP represented long-time client Lexar Media, Inc. (NASDAQ: LEXR) in its recently announced acquisition by Micron Technology, Inc. (NYSE: MU). Lexar is a leading manufacturer and marketer of removable flash memory cards, USB flash drives, card readers and ATA controller technology solutions for the digital photography, consumer electronics, industrial and communications markets. Under terms of the agreement, each outstanding common share of Lexar will receive 0.5625 shares of Micron stock. Micron anticipates issuing shares in exchange for 81.6 million Lexar shares outstanding. The transaction is subject to regulatory approvals and closing conditions, and is expected to close by the end of the third calendar quarter.
The Fenwick & West transaction team included corporate attorneys Dennis DeBroeck, Dan Winnike, Greg Roussel, Gerald Audant, Christian Lymn, Melissa Trousdale, Lindsey Munro and Jacob McQuown; IP attorneys David Hayes, Larry Granatelli, Michael Egger, Chad Woodford, Spencer Glende and Darren Hutchins; patent attorney John McNelis; executive compensation and employee benefits attorneys Scott Spector and Blake Martell; and tax attorneys Ron Schrotenboer and Victor Ng.
More information about the transaction can be obtained from the Micron Web site.
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Fenwick & West provides comprehensive legal services to high technology and life sciences clients of national and international prominence. The firm was ranked by MergerMarket as the #1 U.S. Legal Advisor for Technology Industry M&A in 2004.