Shearman & Sterling represented STMicroelectronics in connection with the sale of the Numonyx memory joint venture to Micron Technology, which closed on May 7. Other selling shareholders in the $1.2 billion transaction included Intel and Francisco Partners. ST held the largest stake in Numonyx, at 48.6%. Shearman & Sterling has represented STMicroelectronics since the company's initial public offering in 1994 on the Paris Bourse and the New York Stock Exchange.

STMicroelectronics is a global leader serving customers across the spectrum of electronics applications with innovative semiconductor solutions. Micron Technology, Inc., engages in the manufacture and marketing of semiconductor devices worldwide.

The Shearman & Sterling team included partners Michael Dorf (San Francisco-Mergers & Acquisitions), Mark K. Hyland (San Francisco-Capital Markets), John D. Wilson (San Francisco-Capital Markets), Laurence Crouch (Menlo Park-Tax), Tina S. Patel (Menlo Park-Intellectual Property Transactions), Beau W. Buffier (New York-Antitrust), Bob Treuhold (Paris/New York-Capital Markets), and Caroline Leeds Ruby (London-European Finance); counsel Coleen O’Mara (San Francisco-Executive Compensation & Employee Benefits) and Jeffrey L. Salinger (New York-Property/Environmental); and associates Timothy O’Donnell (San Francisco-Capital Markets), Danielle Giles (San Francisco-Mergers & Acquisitions), Eileen O’Pray (Menlo Park-Tax), Ajay Chanayil (New York-Antitrust), Scott Baggett (Singapore-Project Development & Finance), Kelly Karapetyan (New York-Antitrust), Seth Kerschner (New York-Property/Environmental) and Vieri Parigi (London-European Finance).