Fenwick & West LLP represented Opsware Inc. (NASDAQ: OPSW) in its acquisition by Hewlett-Packard Company (NYSE: HPQ) through a cash tender offer for $14.25 per share, or an enterprise value (net of existing cash and debt) of approximately $1.6 billion on a fully diluted basis. Opsware, based in Sunnyvale, CA, is a provider of data center automation software products for enterprises, government agencies and service providers seeking to reduce the cost and improve the quality of their data center operations.
The Fenwick & West transaction team included corporate attorneys Gordy Davidson, David Healy, Lynda Twomey, Brian Hicks, Mariana Antcheva and Bisi Akinola; corporate/securities attorneys Michael Brown, Greg Roussel and Robert Freedman; executive compensation and employee benefits attorneys Scott Spector, Blake Martell, Mona Clee, Tahir Naim and Elizabeth Gartland; technology transactions attorneys Lisa Kenkel, Chris Joslyn, Pierre Keeley, Christa Gaines and Robin Schulman; antitrust attorney Mark Ostrau; tax attorneys Ron Schrotenboer and Tim Fitzgibbon; and litigation attorneys Emmett Stanton, Susan Muck, Laurence Pulgram, Michael Sands and Rachael Samberg.
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.