Fenwick & West LLP represented its client ArcSight, Inc. (NASDAQ: ARST), a leading global provider of cybersecurity and compliance solutions that protect organizations from enterprise threats and risks, in its recently announced acquisition by Hewlett-Packard Company (NYSE: HPQ). The transaction was valued at $43.50 per share, or approximately $1.5 billion enterprise value.
The acquisition will be conducted by means of a cash tender offer for all of ArcSight’s outstanding shares of common stock, and the closing of the acquisition, which is subject to customary closing conditions, is expected to occur by the end of the calendar year.
More information about the transaction can be obtained from the ArcSight website.
The Fenwick & West transaction team included corporate attorneys David Bell, Douglas Cogen, Gordon Davidson, Dan Winnike, Michael Brown, Aaron Hou, Adam Andrews and Stephanie Tsao; executive compensation and employee benefits attorneys Scott Spector and Nicholas Frey; technology transactions attorneys Lisa Kenkel, Stephen Gillespie, Mark Ostrau, Morgan Fong and Lance Stern; patent attorney Sabra-Anne Truesdale; securities litigation attorneys Susan Muck and Jay Pomerantz; litigation attorneys Julie Nokleberg and Marc Elzweig; and tax attorney Timothy Fitzgibbon.
Fenwick & West provides comprehensive legal services to technology and life sciences clients of national and international prominence. The firm is ranked by Mergermarket as one of the top 3 M&A Advisors in North America—for the Technology, Media and Telecom industries, by Bloomberg as one of the top 10 M&A legal advisors in the U.S., and by Thomson Reuters as one of the Top 5 most active U.S. M&A legal advisors based on deals valued at up to $500 million—for First Half 2010.