Simpson Thacher Represents JPMorgan as Financial Advisor to Intersil in Its Announced Sale to Renesas Electronics
09.14.16
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Simpson Thacher is representing J.P. Morgan Securities LLC as financial advisor to Intersil Corporation (NASDAQ: ISIL) in connection with its definitive merger agreement with Renesas Electronics Corporation (TSE: 6723). Under the terms of the agreement, Renesas will acquire Intersil for US$22.50 per share in cash, representing an aggregate equity value of approximately US$3.2 billion (approximately 321.9 billion yen at an exchange rate of 100 yen to the dollar).
Intersil is a leading provider of innovative power management and precision analog solutions and Renesas is a premier supplier of advanced semiconductor solutions.
The Simpson Thacher team includes Kirsten Jensen and Alexis Orenstein (M&A – Palo Alto).