Fenwick & West represented Fortinet (NASDAQ: FTNT), a global leader in high-performance cyber security solutions, in its recently announced acquisition of Meru Networks (NASDAQ: MERU), a provider of intelligent Wi-Fi networking. Under the terms of the agreement, Fortinet will pay $1.63 per Meru share in cash, an equity value of approximately $44 million for the transaction. The acquisition is expected to close during Q3 2015, subject to customary closing conditions.
The acquisition is expected to bolster Fortinet’s secure wireless solutions, add enterprise customers and expand its total addressable market. More information about Fortinet’s acquisition of Meru Networks can be obtained from the company press release.
The Fenwick transaction team included corporate attorneys Jeff Vetter, Andrew Luh, Ryan Slunaker, Ken Myers, Ran Ben-Tzur, and Shen Zhang; executive compensation and employee benefits attorneys Blake Martell and Laura McIntyre; technology transactions attorneys Stephen Gillespie, Mark Ostrau, Ethan Lee and Justin Baumli and tax attorneys Will Skinner and David de Ruig.