Fenwick & West LLP represented its client Cisco Systems Inc. (NASDAQ: CSCO) in its proposed acquisition of WebEx Communications, Inc. (NASDAQ: WEBX), a provider of on-demand applications for collaborative business on the web. Cisco will commence a cash tender offer to purchase all of the outstanding shares of WebEx for $57 per share and will assume outstanding share-based awards, for a total transaction value of approximately $3.2 billion. The transaction is subject to closing conditions, including approval under Hart-Scott-Rodino and similar laws outside the U.S., and is expected to close in the fourth quarter of Cisco's fiscal year 2007.
The Fenwick & West transaction team included corporate attorneys Doug Cogen, Gordy Davidson, Andrew Luh, Rob Freedman, Dan Winnike, Craig Menden, Michael Brown, Kristin O'Hanlon, Gerald Audant, Shulamite Shen White, Robert Ricca and Jennifer Hill; executive compensation and employee benefits attorneys Scott Spector, Liza Morgan and Elizabeth Gartland; technology transactions attorneys Lisa Kenkel, Ralph Pais, Larry Granatelli, Stephen Gillespie, Tracy Randall, Chad Woodford, Christa Gaines, Jennifer Stanley, Morgan Fong, Michael Egger and Greg Sato; patent attorneys Stuart Meyer, Daniel Brownstone, Pierre Keeley and Robert Hulse; copyright attorney Mitchell Zimmerman; trademark attorney Karen Marie Kitterman; patent litigation attorney Heather Mewes; employment litigation attorneys Dan McCoy and Mary Wang; securities litigation attorney Chris Steskal; antitrust attorney Mark Ostrau; and tax attorneys Ron Schrotenboer and Tim Fitzgibbon.
About Fenwick & West
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 Corporate Board Member as one of the top 5 corporate law firms in northern California for publicly traded companies.