Fenwick & West LLP represented Switzerland-based Phonak Holding AG as special tax counsel in its acquisition of GN ReSound A/S, from its parent company GN Store Nord A/S of Denmark. ReSound is a global manufacturer of advanced technology hearing instruments. Phonak will pay DKK 15.5 billion in cash, or $2.64 billion USD for ReSound in the transaction. The transaction is subject to regulatory clearances.
More information about the transaction can be obtained from the Phonak Web site.
The Fenwick & West tax team included Jim Fuller, Barton Bassett and Victor Ng.
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Fenwick & West provides comprehensive legal services to technology and life sciences clients of national and international prominence. The firm is ranked by MergerMarket as one of the top 5 technology M&A practices in the U.S. The Fenwick & West Tax Group is one of only seven law firm tax groups in the United States to receive the First Tier rating by International Tax Review for 2007.