Simpson Thacher recently represented the underwriters in two public offerings of Avago Technologies Limited ordinary shares by Avago’s principal shareholders:
· 25,000,000 ordinary shares at an aggregate public offering price of $633,750,000 which closed in December 2010 (underwritten by Deutsche Bank Securities Inc.); and
· 25,000,000 ordinary shares at an aggregate public offering price of $693,750,000 which closed in January 2011 (underwritten by Deutsche Bank Securities Inc. and Barclays Capital Inc.).
Avago is a leading designer, developer and global supplier of a broad range of analog semiconductor devices with a focus on III-V based products for the wireless communications, wired infrastructure, industrial and automotive electronics, and consumer and computing peripherals target markets.
The Simpson Thacher team included Bill Hinman, Dan Webb, Jeffrey Schmidt, Michael Sullivan and paralegal Krushna Merchant (Capital Markets); Jeffrey Ostrow (Litigation and Intellectual Property); Keren Siman-Tov (Intellectual Property); Jennifer Klein and Dan Foster (Tax); and Andrew Pagliughi (FINRA and Blue Sky).