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.
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