San Francisco/Palo Alto, CA, October 31, 2007 – LAWFUEL – The Law Firm Businesswire – Baker & McKenzie advised Maxim Integrated Products on its acquisition of Vitesse Semiconductor’s Storage Product Business for approximately $63 million in cash, plus an additional amount up to $12 million in cash upon the achievement of certain commercial milestones through the end of Vitesse’s 2008 fiscal year on September 30, 2008. The transaction closed on October 29, 2007.
Maxim Integrated Products is a leading international supplier of quality analog and mixed-signal products for applications that require real world signal processing. The acquired business includes Vitesse’s Serial Attached ATA (SATA) products, Serial Attached SCSI (SAS) Expander products, Enclosure Management products and Baseboard Management products.
The Baker & McKenzie team, coordinated by Cynthia Jackson, was led by corporate partner Matthew Gemello and of counsel Jenny Yeh, with assistance from employment partner Susan Eandi, intellectual property partner Stuart Pixley and other members of Baker & McKenzie’s Corporate, Employment, Intellectual Property, Tax and Equity Compensation practices.