May 5, 2005 (San Francisco and Mountain View, CA)- LAWFUEL – The Law News Network – Fenwick & West LLP represented its long-time client, Peribit Networks, Inc., in its recently announced acquisition by Juniper Networks, Inc. (Nasdaq: JNPR) of Sunnyvale, California. Santa Clara-based Peribit is a leader in Wide Area Network (WAN) optimization technology. Juniper will pay approximately $337 million in cash, stock and assumed options for Peribit. The transaction is subject to regulatory approvals and closing conditions, and is expected to close during the second quarter of 2005.
More information about the transaction can be obtained from the Juniper Networks Web site http://www.juniper.net/company/presscenter/pr/2005/pr-050426a.html.
The Fenwick & West transaction team consisted of partners David Healy and Sayre Stevick, and associates Matthew Forkner, Brian Hicks, Blake Martell, Joshua Sun and Khang Tran.
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Fenwick & West provides comprehensive legal services to high technology and life sciences clients of national and international prominence. The firm was ranked by MergerMarket as the #1 U.S. Legal Advisor for Technology Industry M&A in 2004.