Fenwick & West LLP represented the co-founders of Vitria Technology, Inc. (NASDAQ: VITR) in a recent acquisition that will take the company private. Vitria will be acquired by a new corporation formed and wholly-owned by Vitria co-founders JoMei Chang, Ph.D. and Dale Skeen, Ph.D. Vitria is a leading provider of business process integration products and solutions. Under the terms of the agreement, the new corporation will pay $2.75 per share for each of Vitria’s outstanding shares of common stock not held by Drs. Chang and Skeen.
More information about the transaction can be obtained from the Vitria Web site.
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.