Mori Hamada advised ASMedia Technology Inc. in connection with its take-private offer for Techpoint, Inc. The contemplated transaction will be conducted through a cash merger with total consideration of approximately USD 390 million.
ASMedia is a fabless semiconductor company specializing in high-speed IC design and developmentin, while Techpoint is a fabless semiconductor company that designs, markets and sells mixed-signal integrated circuits for multiple video applications in the security surveillance and automotive markets.
Techpoint has listed Japanese Depositary Receipts ("JDRs") representing its common stock on the Tokyo Stock Exchange Growth Market, and this transaction is one of the few take-private transactions involving a JDR-listed company.
The Mori Hamada team was led by partners Yohsuke Higashi, Katsuyuki Tainaka, and Shimpei Ochi.
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January 15, 2025