Fenwick & West LLP represented Cognos Inc. (NASDAQ: COGN) as special tax counsel in its recently announced acquisition by IBM (NYSE: IBM). Under the terms of the agreement, IBM will pay approximately $5 billion in cash for Cognos. The acquisition is subject to Cognos shareholder approval, regulatory approvals and other customary closing conditions, and is expected to close in the first quarter of 2008. Cognos, based in Ottawa, Ontario, serves more than 23,000 customers in 135 countries.
More information about the transaction can be obtained from the IBM Web site.
The Fenwick & West team included tax partners Jim Fuller and David Forst, tax associate Victor Ng, and corporate partners Doug Cogen and Blake Martell.
About Fenwick & West
Fenwick & West has achieved a reputation as having one of the nation's leading domestic and international tax practices. The tax group's exciting and sophisticated practice stems from its client base. Our tax clients represent every geographic area of the United States, as well as a number of foreign countries, and have included over 100 Fortune 500 companies. The firm was awarded First Tier status by International Tax Review 2008 as one of only eight law firms in the entire U.S. to receive the First Tier rating; Chambers USA 2007 also ranked Fenwick & West first tier in tax for California and nominated the firm for its "Award for Excellence in Corporate Tax" 2007: one of only two nominees outside New York City.