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As Francis Currie bids farewell to a client in the wake of a recent merger deal, the Davis Polk & Wardwell partner is likely to lose a working relationship for the second time. Currie represented Alameda-based Therasense Inc. in its acquisition by pharmaceutical giant Abbott Laboratories Inc. He said he expects the new parent company to absorb TheraSense’s future legal work. That would mean that Currie wouldn’t be working alongside TheraSense General Counsel Robert Brownell. Currie and Brownell practiced together while partners at Wilson Sonsini Goodrich & Rosati. Both left in recent years, Currie to join Davis Polk, and Brownell to the in-house job at longtime client TheraSense. Currie said he was happy to team with Brownell again when the in-house lawyer hired him for TheraSense’s general corporate work. TheraSense makes blood sugar monitoring devices for diabetics. The company’s $1.26 billion acquisition by Abbott Park, Ill.-based Abbott marks the first — and only — big acquisition deal Currie did for TheraSense. But Currie said given the company’s high valuation in the deal, he’s happy to see the client sold. “I’m thrilled for TheraSense,” Currie said. “It’s a wonderful transaction.” Currie’s team at Davis Polk included partner David Ferguson and associates Sarah Solum, Mischa Travers and Timothy French. Lending an assist on tax, benefits and intellectual property issues in Menlo Park were partners Arthur Burke and Jean McLoughlin and associates Rachel Kleinberg, Cynthia Akard, Lori Fields and Nandan Kamath. Skadden, Arps, Slate, Meagher & Flom represented Abbott. Partner Charles Mulaney Jr., in the firm’s Chicago office, led the deal team. Verisity/ Axis Systems The Bay Area offices of Wilson Sonsini Goodrich & Rosati and Latham & Watkins each fielded legal squads to assist in Verisity Ltd.’s $80 million acquisition of Axis Systems Inc. Under the terms of the deal Verisity will acquire Axis for $80 million in cash and stock. The stock portion of the payment represents less than 20 percent of Mountain View-based Verisity’s outstanding shares, thus keeping the deal underneath the NASDAQ threshold requiring shareholder approval. The transaction is expected to close in the first quarter of 2004, pending review by the California Department of Corporations and regulatory approval under federal anti-trust laws. Wilson partners Jeffrey Saper and Steve Cama hort led the Axis team. They were assisted by corporate associates Caine Moss, Stefan Clulow and Mark Farrell, tax partner David Gerson, benefits partner Roger Stern and intellectual property partner Michael Okada. Latham partner Alan Mendelson led the Verisity team, with help from partners Joseph Yaffe and David Boatwright, and associates Nicholas O’Keefe and Anthony Wang.

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