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September 14, 2016
WASHINGTON—Covington represents semiconductor manufacturer Intersil Corporation in its announced $3.2 billion sale to Japan’s Renesas Electronics Corporation. The firm is advising Intersil on aspects of the transaction involving Committee on Foreign Investment in the United States (CFIUS), Foreign Ownership, Control, or Influence (FOCI), trade controls, and government contracts issues.
The deal, which was announced yesterday, is expected to close in the first half of 2017.
The Covington team includes partners Mark Plotkin, David Fagan, Peter Lichtenbaum, and Susan Cassidy; special counsel Heather Finstuen; and associates Jeff Bozman, Ryan Burnette, and Gabe Slater.