Deal Announced: February 18, 2002
Web Posted: February 20, 2002
Fenwick & West client ONI Systems Corp. announced yesterday that it has agreed to be acquired by Baltimore, MD-based CIENA Corporation in a merger transaction. The CIENA stock to be issued in the acquisition together with the ONI options and convertible debt to be assumed by CIENA places an aggregate value on the transaction of approximately $1.25 billion.
A large team of attorneys here at Fenwick & West assisted with the transaction. The corporate team was led by partner Richard Dickson and included associates David Bell, Stephanie Janiak, Celeste Scarlata, Sylvia Barboza and David Barry. Corporate partner Horace Nash assisted with regulatory issues and partner Scott Spector, with assistance from associates Mona Clee and Tom Kim, provided assistance with respect to employee benefits issues.
Fenwick & West also worked closely with ONI General Counsel Michael Dillon and Corporate Counsel Robert Schlossman. CIENA was represented by Hogan & Hartson.
For more information, please contact Richard Dickson or call at 650.335.7679.