Fenwick & West represented Versant Corporation (Nasdaq: VSNT) in its acquisition by Actian Corporation. Versant and Actian are both industry leaders in real-time information management. Actian will acquire all of the outstanding common shares of Versant for $13.00 per share in cash for an aggregate purchase price of approximately $37 million. Prior to entering into the Actian Acquisition Agreement, Versant terminated its previous merger agreement with Unicom Systems, Inc. The Actian Acquisition Agreement provides for the merger of Versant with a subsidiary of Actian, as a result of which Versant will be wholly owned by Actian and its stock will no longer trade on the NASDAQ.
The Fenwick transaction team included corporate attorneys Ken Linhares, David Michaels, Malcolm Katz and Sarah Herman, technology transaction attorney Stephen Gillespie, trademark attorney Linda Henry, executive compensation and employee benefits attorneys Shawn Lampron and Mona Clee, securities litigation attorney Emmett Stanton and tax attorney Ron Schrotenboer.