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O’Melveny Represents BGI-Shenzhen in Acquisition of Complete Genomics

March 18, 2013

FOR IMMEDIATE RELEASE

Contact:

Julie Fei                                                            Lena Li

O’Melveny & Myers LLP                                O’Melveny & Myers LLP

213.430.7792 (office)                                       +86 (10) 6563-4282 (office)

213.440.7792 (cell)                                           +86 130-1103-6043 (cell)

jfei@omm.com                                                leli@omm.com

 

SHANGHAI March 18, 2013 O’Melveny & Myers LLP represented leading international genomics organization BGI-Shenzhen (BGI) in its acquisition via all cash tender offer, followed by a short form merger, of Nasdaq listed Complete Genomics (Complete). The deal closed on March 18, 2013. It has been reported as the first time a Chinese company has successfully acquired a US public company.

 

The deal, which was first announced in September 2012, faced many hurdles. BGI and Complete filed antitrust and CFIUS clearance applications in the United States. While waiting to obtain these clearances, a third party competitor launched a hostile offer, and some shareholders filed lawsuits against Complete and BGI in both California and Delaware. In addition, the transaction was subject to approval from China’s NDRC, MOFCOM, and SAFE. BGI had to extend the tender offer several times while waiting for the US and Chinese regulatory approvals.

 

The O’Melveny team, which spanned several practice areas and offices throughout China and the United States, was led by Shanghai-based partner Wenseng “Wendy” Pan and Silicon Valley-based partner Paul Scrivano, with assistance from partners David Johnson in Hong Kong, Ted Kassinger and Jonathan Sallet in Washington, DC, John Kappos and Chris Del Rosso in Newport Beach, and Matthew Close in Los Angeles.

 

About O’Melveny & Myers LLP

With approximately 800 lawyers in 16 offices worldwide, O’Melveny & Myers LLP helps industry leaders across a broad array of sectors manage the complex challenges of succeeding in the global economy. We are a values-driven law firm, guided by the principles of excellence, leadership, and citizenship. Our commitment to these values is reflected in our dedication to improving access to justice through pro bono work and championing initiatives that increase the diversity of the legal profession. For more information, please visit www.omm.com.