Clearly Gottlieb advises on GlobalFoundries shares SPO and repurchase
Cleary Gottlieb is representing semiconductor manufacturer GlobalFoundries, as issuer, and Mubadala Technology Investment Company, as selling shareholder, in a secondary public offering of $840 million GlobalFoundries ordinary shares and an approximately $300 million share repurchase.
The offering priced on March 11, 2026, and is expected to close on March 13, 2026, subject to customary closing conditions. J.P. Morgan and Morgan Stanley are acting as bookrunning managers for the offering.
The Clearly Gottlieb team
The Cleary corporate team included partners Adam Fleisher, Shuangjun Wang, and Mohamed Taha, and associates Rawad Abou Jaoude, Katherine Hebb, Dylan Sanders, Omelebele (Bele) Edeoga, and Kay Hechaime, with assistance from law clerk Crystal Lee. Partner Matthew Brigham and associate Samuel Kramer advised on tax matters, with support from law clerk Jiyoung (Reina) Kim. Partner Samuel Chang and associates Catherine Johnson and Alexi Stocker advised on sanctions and trade controls matters. Associates Jaehwan Park and Francesca Huth advised on cybersecurity and data privacy matters. Partner Beau Sterling and associate Madison Bush advised on environmental matters. Associate Annie Cowell advised on UK regulatory matters. Associate Ben Rosenblum advised on Investment Company Act matters, with support from law clerk Nicholas Gekakis.
