Mega deal right out of the gate in 2022!
We are excited to share that our firm has had the honor of representing our long-standing client, Tower Semiconductor Ltd., the Israeli chipmaker, in its acquisition by Intel, at a value of $5.4 billion (!)
This deal is one of the largest M&As in the Israeli economy in recent years.
Intel will pay $53 per share, a premium of approximately 60% to the price at which the stock was traded on Nasdaq prior to the announcement.
Tower Semiconductor specializes in the production of analog chips – relatively simple chips that serve as electronic sensors in a variety of devices, from vehicles, medical imaging devices, to cameras.
It was an honor to collaborate with our colleagues at Latham & Watkins LLP on this incredible transaction.
Click here for the full story – https://lnkd.in/dEEii6qh