Fenwick & West LLP represented its client Cisco Systems, Inc. (NASDAQ: CSCO) in its recently announced acquisition of Starent Networks, Corp. (NASDAQ: STAR), a leading supplier of IP-based mobile infrastructure solutions targeting mobile and converged carriers, based in Tewksbury, MA. Cisco will pay $35 per share in cash in exchange for each share of Starent Networks, for an aggregate purchase price of approximately $2.9 billion.
The boards of directors of both companies have approved the acquisition, which is subject to customary closing conditions and regulatory reviews. The transaction is expected to close during the first half of calendar year 2010.
The Fenwick transaction team included corporate attorneys Doug Cogen, Dan Winnike, Andrew Luh, Kris Withrow, Gerald Audant, Matthew Forkner, Kee Kim, Edgar Tirado, Ben Richter and Rita Tan; executive compensation and employee benefits attorneys Scott Spector and Nicholas Frey; technology transactions attorneys Larry Granatelli, Lisa Kenkel, Stephen Gillespie, Greg Sato, Morgan Fong, Spencer Glende, Darren Hutchins, Chris Joslyn, Jennifer Stanley, Lance Stern, Aaron Weiss, Christa Gaines, Robert Dowers and Genelle Ng; patent attorneys Stuart Meyer and Mike Farn; patent litigation attorney Virginia DeMarchi, and tax attorneys Ron Schrotenboer and Amanda Athanasiou.
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 5 technology M&A practices in the U.S. and by Bloomberg and FactSet as one of the top dozen M&A legal advisors in the U.S. – across all industries.