Firm Advises Broadcom Limited in $5.9 Billion Acquisition of Brocade Communications Systems

Deal marks the most recent in a series of blockbuster acquisitions Latham has guided for the global semiconductor leader.

November 02, 2016

Broadcom Limited and Brocade Communications Systems, Inc. have announced that they have entered into a definitive agreement under which Broadcom will acquire Brocade, a leader in Fibre Channel storage area network (“FC SAN”) switching and IP networking, for $12.75 per share in an all-cash transaction valued at approximately $5.5 billion, plus $0.4 billion of net debt.

Latham & Watkins LLP represents Broadcom in the transaction with a corporate deal team led from the firm’s Silicon Valley office by partners Christopher "Kit" Kaufman, Anthony Richmond and Chad Rolston with associates Mark Bekheit, Riley Lochridge, Matthew Van Leeuwen, Jennifer Cadet and Richard Andrews.

Advice is also being provided on antitrust matters by San Francisco partners Joshua Holian and Daniel Wall with Washington, D.C. counsel Sydney Smith and associates Alessio Aresu in Brussels and Tanya Macrae in London; on intellectual property matters by Silicon Valley partner Anthony Klein with associates Joseph Lee in Orange County, Arielle Singh, Alex Li, Ruby Bielik and Brandon Hartstein in Silicon Valley and Jawahir Al-Subaie in Dubai; on benefits and compensation matters by Silicon Valley partner James Metz with Orange County associate Sara Schlau; on regulatory matters by Washington, D.C. partners William McGlone and Nathan Seltzer, counsels Kyle Jefcoat and Jarrett Taubman and associates Robyn Greenberg and Alicia Neubig; on tax matters by New York partner David Raab and partner Andrea Ramezan-Jackson with associate Sean FitzGerald in Washington, D.C.; on real estate matters by New York partner Michelle Kelban with associates Shira Bressler and Thomas Ficchi; on environmental matters by Chicago partner Karl Karg; on finance (securities) matters by partners Rafal Gawlowski and Greg Rodgers with associates Reza Mojtabaee-Zamani and David Cios in New York; and on finance (credit) matters by partners Jennifer Van Driesen and Manu Gayatrinath with associates Pouria “Po” Saidi, Katherine Putnam and Keely O’Malley in Washington, D.C.

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