news

 

U.S. law firm Davis Polk & Wardwell and Japan’s Mori Hamada & Matsumoto are advising a consortium led by state-backed Japan Investment Corp (JIC) on its offer to buy out semiconductor packaging maker Shinko Electric Industries from Fujitsu for $4.71 billion.

The deal will take Tokyo-listed unit Shinko Electric, which is being represented by Nishimura & Asahi, private. The consortium, which includes Dai Nippon Printing and Mitsui Chemicals, will launch a tender offer for shares not held by Fujitsu, and take Fujitsu’s 50 percent stake in the company in a separate transaction.

The buyout of Shinko Electric marks the latest intervention in the chip sector by JIC, which is overseen by the powerful trade ministry, Reuters reported.

Mori Hamada and Davis Polk also advised JIC on its $6.4 billion acquisition of semiconductor materials maker JSR earlier this year.

 

TO CONTACT EDITORIAL TEAM, PLEASE EMAIL ALBEDITOR@THOMSONREUTERS.COM

Related Articles

Appointments

KPMG Hong Kong law firm founder heads to CRS

by Nimitt Dixit |

UK law firm Charles Russell Speechlys has hired a team of four attorneys from SF Lawyers, KPMG’s law firm in Hong Kong, led by the firm’s founder and managing partner, Shirley Fu.

Deals

Haiwen, CC advise on China TCM's $2 bln take-private deal

by Hu Yangxiaoxiao 胡阳潇潇 |

Sinopharm Group, an investment consortium led by Sinopharm Group, and China Traditional Chinese Medicine Holdings (China TCM) recently announced a take-private deal for the Hong Kong-listed China TCM through a scheme of arrangement.

Other News

Japan’s TMI establishes 2nd Malaysia alliance, sets up new office

by Mari Iwata |

Major Japanese law firm TMI Associates has entered into an alliance with Malaysian law firm SY Teo & Co, set up by Sze Yi Teo, an associate in TMI’s Singapore office. The alliance will also establish an office in Kuala Lumpur under the name of SY Teo & Co in Association with TMI Associates.