Fenwick & West represented ShoreTel Inc. (NASDAQ: SHOR), provider of brilliantly simple IP phone systems with fully integrated unified communications, in its recently announced acquisition of M5 Networks, a leader in hosted unified communications.

Under the terms of the definitive agreement, M5 shareholders will receive approximately $84 million in cash and 9.5 million shares of ShoreTel stock, which equates to a total of $146.3 million in initial consideration based on a ShoreTel’s average stock price over the prior 30 trading days. In addition, M5 shareholders may receive additional contingent consideration of up to $13.7 million.

The Fenwick transaction team was led by corporate partners Kris Withrow and Jeffrey Vetter, and included corporate attorneys Edgar Tirado and Jay Wedge, executive compensation and employee benefits attorneys Blake Martell and Grace Chen; intellectual property attorneys Stephen Gillepsie, Lance Stern, and Claire O’Callaghan; and tax attorney Ron Schrotenboer.


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