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The Deal: M&A Transaction - Cree Inc.’s LED business

October 20, 2020

O’Melveny advised SMART Global Holdings on its entry into a definitive agreement to acquire the LED Products business unit of Cree, Inc. for up to US$300 million. Under the terms of the agreement, SMART will make an initial cash payment of US$50 million upon closing and an additional US$125 million in a seller-financed note, this article reported.