Shearman & Sterling represented Microsemi Corporation in its acquisition of the telecom clock generation, synchronization, packet timing and synthesis business from Maxim Integrated Products, Inc. The terms of the transaction were not disclosed.
Microsemi Corporation is a leading provider of semiconductor solutions for aerospace, defense and security, enterprise and communications, and medical, alternative energy and industrial markets. Maxim Integrated Products, Inc. designs, manufactures, and sells high-performance semiconductor products.
The Shearman & Sterling team included partner Steve Camahort (San Francisco-Mergers & Acquisitions) and associates Jeffrey Wolf (San Francisco-Mergers & Acquisitions) and Christine Huang (San Francisco-Mergers & Acquisitions), as well as partners Larry Crouch (Palo Alto-Tax) and Samuel Waxman (New York-Intellectual Property Transactions) and associates Daniel Stellenberg (Palo Alto-Executive Compensation & Employee Benefits), Anil Kalia (Palo Alto-Tax) and Timothy Franklin (New York-Intellectual Property Transactions).
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