Exar Corp.

O’Melveny has represented Exar, a New York Stock Exchange-listed supplier of high-performance integrated circuits and system solutions, in more than a dozen acquisitions over the years, including its acquisition of Integrated Memory Logic Limited, a fabless semiconductor company organized as a Cayman Islands exempted company and listed on the Taiwan Stock Exchange. The transaction was valued at NT$6.8 billion (approximately US$223 million). O’Melveny successfully navigated a complex interplay between Cayman Islands law and Taiwan law to ensure that Exar, as a publicly listed company, was afforded customary protections similar to a US two-step transaction. O’Melveny also represented Exar in its acquisition of Stretch, Inc. The transaction provided Exar with the technology to deliver an end-to-end, high-definition solution for both the digital and analog transmission of data from the camera to DVR or NVR in surveillance applications. O’Melveny was instrumental in meeting Exar’s need to sign and close the transaction in less than three weeks.