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Wilson Sonsini Goodrich & Rosati had a hand in one of the biggest technology deals of the year, representing Documentum Inc. in its $1.7 billion acquisition by EMC Corp. EMC, an information storage company based in Hopkinton, Mass., gains Documentum’s content management software, which allows organizations to manage such unstructured data as Web pages, spreadsheets, medical records and audio and video content. David Segre, Wilson Sonsini’s lead partner on the deal, said the transaction was announced a week before EMC completed its acquisition of Legato Systems Inc. “EMC is an aggressive acquirer,” Segre said. “The company was not waiting for a significant software deal to close before embarking on another.” Under the terms of the agreement, Documentum stockholders will receive 2.175 shares of EMC common stock for each share of Documentum common stock. Based upon EMC’s closing price of $14.45 the day before the deal was announced Oct. 14, the transaction is valued at approximately $1.7 billion. Segre said an attractive part of the deal is that Documentum will continue to operate as a software division of EMC. Wilson Sonsini partners Larry Sonsini and Tony Jeffries and associates Paul Shinn, Dawn Smith and Jason Borrevik were part of the Documentum team. Margaret Brown, a partner in the Boston office of Skadden, Arps, Slate, Meagher & Flom represented EMC. Her team included partners Cliff Gross and Bruce Goldner and associates William Lundregan, Yael Dar, Jessica Hough, Scott Brown and Timothy Nelson. EMC General Counsel Paul Dacier, and corporate counsel C. Matthew Olton also worked on the deal. CALPINE Power plant operator Calpine Corp. recently scored another $50 million for a debt offering begun in August, bringing the total capital raised by the company to $800 million this year. Stoel Rives partner David Spielberg said energy-related companies are facing a tough time raising money. Investors who favor utilities have been skittish in recent years because energy prices and utility company revenues have dropped with the bad economy, said Spielberg, who is based in Stoel Rives’ San Francisco office. San Jose-based Calpine put up seven of its power plants as collateral to help move along the debt offering, Spielberg said. The company wanted the cash to pay off a construction loan, he said. The firm raised $750 million in August and closed on an additional $50 million in late September. Speilberg led the deal team with partners H. Perry Taubman and Dirk Mueller. Associates Michael Ginsburg, Jason Hannigan, Kristin Nelson and Shabad Puri gave an assist. Latham & Watkins represented the underwriter, Goldman Sachs & Co. In New York, partner Kirk Davenport led the deal team with associate Jennifer Frederick.

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