Verigy Ltd./Advantest Corp.
On March 28, 2011, Advantest Corporation (NYSE: ATE) and Verigy Ltd. (Nasdaq: VRGY) have entered into an agreement whereby Advantest will acquire all outstanding Verigy common for $15 per share in cash, or about $1.1 billion total.
The transaction will be structured as a scheme of arrangement under Singapore law, and is subject to the approval of Verigy shareholders as well as other customary conditions, including approvals from relevant regulatory authorities and the Singapore Court.
GCA Savvian Advisors, LLC is acting as financial advisor to Advantest. Skadden, Arps, Slate, Meagher & Flom LLP is acting as Advantest's legal counsel and Stamford Law Corporation is acting as Advantest's Singapore counsel.
Morgan Stanley is acting as financial advisor to Verigy. Wilson Sonsini Goodrich & Rosati is acting as Verigy's U.S. legal counsel and Allen & Gledhill is acting as Verigy's Singapore counsel.
The transaction will be structured as a scheme of arrangement under Singapore law, and is subject to the approval of Verigy shareholders as well as other customary conditions, including approvals from relevant regulatory authorities and the Singapore Court.
GCA Savvian Advisors, LLC is acting as financial advisor to Advantest. Skadden, Arps, Slate, Meagher & Flom LLP is acting as Advantest's legal counsel and Stamford Law Corporation is acting as Advantest's Singapore counsel.
Morgan Stanley is acting as financial advisor to Verigy. Wilson Sonsini Goodrich & Rosati is acting as Verigy's U.S. legal counsel and Allen & Gledhill is acting as Verigy's Singapore counsel.
