Palo Alto, Calif. – October 29, 2012 – Cooley LLP announced today that it is advising OPNET Technologies, Inc. in its pending acquisition by Riverbed Technology. Riverbed entered a definitive agreement to acquire OPNET for $43 per share in cash and stock, which represents an equity value of approximately $1 billion.
OPNET is the leading provider of solutions for application and network performance management. Riverbed is a network performance management company.
The cross-office Cooley team advising OPNET included Brent Siler, partner in the Securities Regulation practice and associates Dan Espinoza, Christine Liu and Robin Bennett. Mike Tollini, associate in the Credit Finance practice led the financing aspect of the deal.
The deal team was supported by Jacqueline Grise, partner in the Antitrust practice; Compensation & Benefits partner Wendy Davis and associate Laura McDaniels; Employment & Labor partner Connie Bertram and associates Emilie Adams and Guy Brenner; Tax practice senior counsel Buff Miller and associate Michael Baker; Technology Transactions Group partner and chair Adam Ruttenberg; regulatory partner Kevin King; and corporate associates Katie Kazem, Peyton Worley, and Nikki Pope.
Riverbed announced the transaction here.
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