WilmerHale Secures EU and US Merger Clearance for Cisco's Acquisition of TANDBERG

WilmerHale Secures EU and US Merger Clearance for Cisco's Acquisition of TANDBERG

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On March 29, 2010, the European Commission granted conditional phase I clearance for Cisco's proposed acquisition of Tandberg, a global leader in video communications based in Oslo, Norway, and New York. Within an hour of the Commission issuing its press statement, the Antitrust Division of the US Department of Justice issued its own release confirming that, in light of the commitments Cisco had given to the European Commission, it was not challenging the merger.

WilmerHale represented Cisco before both the Antitrust Division and the European Commission. In Brussels, Partners Sven Völcker and John Ratliff led the work, assisted by Counsel Cormac O'Daly, and Senior Associates Alexander Israel and Roberto Grasso. The team in Washington DC was headed by Partners Jim Lowe and Hartmut Schneider, and included Counsel Ruediger Schuett Associates Stacy Humes-Schulz and Gregory R. Evans, and Staff Attorney Kristin Ellis. Wiersholm and Fenwick & West LLP advised Cisco on the corporate aspects of the transaction.

“We are grateful for the opportunity to demonstrate once again our capabilities on significant transatlantic antitrust matters,” commented WilmerHale's Co-Managing Partner William J. Perlstein. “As this case illustrates, the antitrust authorities are working together very closely and our ability to provide coordinated advice and representation on both sides of the Atlantic is a great benefit to our clients.”