Fenwick, Wilmer Guide Cisco's $2.6 Billion Acacia Buy
Fenwick & West is advising Cisco to buy Acacia Communications for $2.6 billion.
July 09, 2019 at 06:10 PM
3 minute read
Fenwick & West advised Cisco Systems in its $2.6 billion acquisition of Maynard, Massachusetts-based optical networking semiconductor company Acacia Communications, which tapped Wilmer Cutler Pickering Hale and Dorr for the deal.
The technology giant announced Tuesday that it has agreed to pay about $70 in cash for each of Acacia Communications' shares in a transaction valued at $2.6 billion.
The deal is expected to close during the second half of Cisco's fiscal year 2020. According to Cisco's press release, the acquisition will enhance Cisco's optical systems portfolio.
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