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Advanced Micro Devices announces US$5.4 billion acquisition of ATI Technologies

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Genuity Capital Markets

On October 25, 2006, Advanced Micro Devices (known as AMD) announced the completion of its approximately $5.4 billion acquisition of ATI Technologies Inc. Under the terms of the transaction, AMD acquired all of the outstanding common shares of ATI for a combination of approximately $4.3 billion in cash and 58 million shares of AMD common stock.AMD financed the cash portion of the transaction with a combination of cash and new debt. AMD obtained a $2.5 billion term loan from Morgan Stanley Senior Funding, Inc., which, together with combined existing cash, cash equivalents, and marketable securities balances of approximately $1.8 billion, provided full funding for the transaction.Canadian investment banking boutique Genuity Capital Markets co-advised AMD on this transaction. Fasken Martineau provided legal advice to Genuity with a team led by Jon Levin assisted by Daniel Batista.



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