Fenwick & West represented Siliquent Technologies, Inc. in its acquisition by Broadcom Corporation (Nasdaq: BRCM). Headquartered in Mountain View, with research and development facilities in Tel Aviv, Israel, Siliquent™ is a privately-held developer of Ethernet Processing Units (EPU) for high performance storage and computing over a ubiquitous Ethernet infrastructure. Broadcom will pay approximately $76 million in cash for Siliquent Technologies. The transaction is subject to regulatory approvals and closing conditions, and is expected to close in the third quarter of Broadcom’s fiscal year 2005 ending September 30, 2005.
The Fenwick transaction team consisted of corporate attorneys Bill Schreiber and Yoonie Chang; litigation attorney Henry Su; and intellectual property attorney John McNelis.