Deals

Billion Dollar Deal for SAIC

Heller Ehrman closed the $1.3 billion initial public offering (IPO) and capital restructuring for San Diego-based Science Applications International Corporation (SAIC). The offering ranks as the second largest IPO in the country in the last 12 months, trailing only the IPO of MasterCard in May. Following the IPO closing, SAIC will pay a $2.45 billion dividend to its preferred stockholders as part of the related capital restructuring.

Successful Merger for Adeza Biomedical Corporation

Heller Ehrman assisted Adeza Biomedical Corporation in their acquisition by Massachusetts-based Cytyc Corporation. Per terms of the agreement, Cytyc will acquire Adeza for $24 per share, which is a purchase price of approximately $450 million. The definitive agreement has been unanimously approved by the Adeza Board of Directors and is subject to customary closing conditions and regulatory approvals. Completion of the deal is expected by the end of March.

$830 Million Deal for IronPort 

Heller Ehrman assisted San Bruno, Calif.-based IronPort Systems, Inc. in the negotiation and signing of a merger agreement with Cisco Systems. Under terms of the agreement, Cisco will acquire IronPort for approximately $830 million in cash and stock. The deal is subject to standard closing conditions and is expected to close within the next few months.