Fenwick & West LLP represented its client Intuit Inc. (NASDAQ: INTU) in its acquisition of Digital Insight Corporation (NASDAQ: DGIN), a leading provider of on-demand banking services to mid-market banks and credit unions in the U.S. Together, the companies will serve more than 5,000 financial institutions, nearly 25 million consumers and 7 million small businesses. Intuit will pay $39 per share in cash for each Digital Insight common share, for a total purchase price of approximately $1.35 billion. The transaction is subject to regulatory review, Digital Insight shareholder approval and closing conditions, and is expected to close in the first calendar quarter of 2007.
The Fenwick & West transaction team included corporate attorneys Gordy Davidson, David Michaels, Craig Menden, William Hughes, Garth Bossow, Christian Lymn, Kristin O'Hanlon, Shannon O'Sullivan, Gerald Audant, Matthew Rossiter and Jennifer Hill; executive compensation and employee benefits attorneys Scott Spector, Blake Martell, Tahir Naim, Mona Clee, Elizabeth Gartland and William Herochik; technology transactions attorneys Lisa Kenkel, Sergio Garcia, Michael Egger, Jennifer Stanley, Michael Blum, Rochelle Levy Karr, Catherine Manley, Ben Longoria, Spencer Glende, Darren Hutchins, Christopher Joslyn, Lance Stern, Chad Woodford and Tracy Randall; patent attorneys Stuart Meyer, Michael Farn and Parker Zhang; copyright attorney Mitchell Zimmerman; trademark attorney Karen Marie Kitterman; antitrust attorney Mark Ostrau; litigation attorneys Michael Sands and AllenKato; securities litigation attorney Felix Lee; employment practices attorneys Vic Schachter, Patrick Sherman and Mary Wang; and tax attorneys Ron Schrotenboer, Adam Halpern and Neal Gordon.
About Fenwick & West
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.