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Trying to finish up an acquisition in the heart of graduation season and over the Father’s Day weekend wasn’t easy, but Morrison & Foerster partner Richard Scudellari said extensive schedule-juggling made it work. “Everybody was flexible,” said Scudellari, whose team helped CyberSource acquire Authorize.net Holdings Inc. for about $565 million in cash and stock. In fact, the deal � announced Monday � went so smoothly, there was no need for Morrison attorneys to travel to Authorize.net’s Marlboro, Mass., headquarters, Scudellari said. Mountain View’s CyberSource, a longtime Morrison client, handles e-commerce transactions for large companies, and Authorize.net provides similar services for small businesses. In a time when many acquisitions � especially those involving private equity buyers � are all-cash deals, this one was somewhat unique, Scudellari said. “In the current environment there are just a lot of buyers with a lot of cash,” he said. “Here, it’s about 75 percent stock and 25 percent cash,” he said. CyberSource didn’t have the cash on hand necessary for an all-cash deal and also didn’t want to borrow money, so it chose to offer stock, Scudellari said. Authorize.net’s team was led by partner Dean Hanley of Boston’s Foley Hoag. Hanley did not return a call seeking comment by press time. Helping Scudellari from Morrison’s Palo Alto office were associates Michael DiSanto, Julius Chen, Eddy Chan and Christine Lyon. Also lending hands from the firm’s San Francisco office were partners Robert Cudd and Patrick McCabe, and associates Karen Guo and Linda Barrett. Of counsel Tim Verrall, of the Northern Virginia office, worked on the deal, as did Washington, D.C., of counsel Aki Bayz and associate Matthew Sikes.

Jessie Seyfer

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