WilmerHale Advises Acacia Communications in Amended Merger Agreement With Cisco Systems

• 1.14.2021

On January 14, 2021, Acacia Communications, Inc. (NASDAQ:ACIA), a leading provider of high-speed coherent optical interconnect products, announced that it has entered into an amendment to its previously disclosed definitive merger agreement with Cisco Systems, Inc. (NASDAQ:CSCO) for Cisco to acquire Acacia. Under the terms of the amended agreement, Acacia stockholders are to receive $115.00 in cash for each share common stock, for a total transaction value of approximately $4.5 billion, on a fully diluted basis, net of cash and marketable securities. The acquisition is expected to close by the end of the first calendar quarter of 2021, subject to closing conditions, including Acacia stockholder approval.

Andrew Bonnes and Jay Bothwick led the WilmerHale team on this transaction. The team also included Jason Kropp, Douglas Burton, Leon Greenfield, Barry Hurewitz, Jeff Johnson, Amy Null, Glenn Pollner, Julie Hogan Rodgers, Lester Ross, Laura Schneider, Kimberly Wethly, Jonathan Wolfman, Ciara Baker, Judd Abramson, Jeffries Oliver-Li, Sarah Sellers, Ryan Crane, Benjamin Kelsey, Tyler Rostock, Meghan Muncey and Heidi Treiber.