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When private equity firm Silver Lake Partners acquired Serena Software for $1.2 billion, the lawyers involved had to make some tough choices. Evaluating the transaction was challenging, one lawyer said, because the stock price was trading unusually close to the deal price. Simpson Thacher & Bartlett advised Silver Lake, and the legal work for Serena was divvied up between Wilson Sonsini Goodrich & Rosati, which represented the board of directors; and Gibson, Dunn & Crutcher, which represented management.
November 18, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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