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It took a team of more than 50 lawyers from Latham & Watkins to handle AMD’s largest-ever acquisition: a $5.4 billion purchase of Canadian graphics-chip maker ATI Technologies. The deal announced Monday might be one of the largest semiconductor deals ever, alongside Texas Instruments’ acquisition of Burr-Brown for $7.6 billion in 2000. AMD is acquiring all outstanding ATI shares for $4.2 billion in cash and 57 million shares of AMD common stock. AMD is also borrowing about $2.5 billion to pay for the purchase. “It’s a large deal, and because it is a Canadian company, it involved some different procedures,” said Latham partner Christopher Kaufman. In particular, Kaufman said, lawyers applied to a Canadian court to approve the deal. The side benefit was that there was no need to register with the SEC the shares AMD will issue to ATI stockholders. The transaction was truly global, Latham partner Tad Freese said, with lawyers from most of Latham’s offices participating in due diligence, employment, securities and antitrust work. “The more money you spend, the more you want to make sure everything is all good,” Freese said. The firm has been handling AMD’s complex deal work for the last decade, Freese said � a relationship unaffected by the company’s change in general counsel in 2004. In January, the firm handled a $500 million IPO Spansion, of which AMD owns a 60 percent stake. Latham also put together Spansion’s $1 billion joint venture with Fujitsu. Latham’s team in Silicon Valley also included of counsel Nicholas O’Keefe and associates Jamie Leigh, Sarah Slayen, Connie Chen and Russell Cole. Additional legal advice was also provided by partner Joseph Yaffe and associates James Metz and Alice Chung. Shearman & Sterling lawyers in Canada represented ATI, and both sides also relied on Canadian counsel.

Marie-Anne Hogarth

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