Fenwick Represents Cray in Acquisition of Appro International for $21.8 Million

Fenwick & West represented Cray Inc. (NASDAQ: CRAY), a global leader in supercomputing, in its acquisition of Appro International, Inc., which develops supercomputing solutions. The aggregate merger consideration paid by Cray was approximately $21.8 million in cash, which reflects approximately $3.2 million in deductions from the previously-announced $25 million purchase price (for certain transaction expenses paid and working capital adjustments) that were made in connection with the acquisition.

The Fenwick transaction team included corporate attorneys Alan Smith, Andrew Albertson, Jen Huang and Anna Penar, Executive Compensation & Employee Benefits attorneys Scott Spector, Elizabeth Gartland and Adie Sherwood, Employment Practices attorney Dan McCoy, technology transaction attorney Spencer Glende, and tax attorneys Michael Solomon and Amanda Athanasiou.


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