Fenwick Represents Actions Semiconductor in Self-Tender Offer

Fenwick & West represented Actions Semiconductor Co., Ltd (Nasdaq: ACTS), one of China's leading fabless semiconductor companies that provides comprehensive portable multimedia and mobile internet system-on-a-chip (SoC) solutions for portable consumer electronics, in its previously announced “Dutch auction” tender offer. Actions Semiconductor has accepted for purchase 60,001,063 ordinary shares (including shares represented by ADSs) at a price of $5/12 per Share (or $2.50 per ADS), for an aggregate cost of approximately $25.0 million, excluding fees and expenses relating to the tender offer.

The Fenwick & West transaction team included corporate attorneys Bill Hughes and Jen Jinxin Huang and tax attorney Ora Grinberg from the firm’s U.S. offices and corporate attorneys Eva Wang and Eric Yao from the firm’s China offices.