On January 5, 2017, Gartner, the world's leading information technology research and advisory company, and CEB, the industry leader in providing best practice and talent management insights, announced that they have entered into a definitive agreement under which Gartner will acquire all of the outstanding shares of CEB in a cash and stock transaction with an enterprise value of approximately $3.3 billion. Wilson Sonsini Goodrich & Rosati is representing Gartner in the transaction.

Under the terms of the agreement, CEB shareholders will receive $54.00 in cash and 0.2284 shares of Gartner common stock for each share of CEB common stock they own, implying 70 percent cash and 30 percent stock consideration for the offer.

The transaction has been unanimously approved by the companies' boards of directors and is expected to close in the first half of 2017, subject to the approval of CEB shareholders and the satisfaction of customary closing conditions, including applicable regulatory approvals.

The Wilson Sonsini team representing Gartner in the transaction includes:

M&A:
Mark Holloway

Employee Benefits and Compensation:
John Aguirre
Michael Montfort
Mark Cornillez-Ty

Technology Transactions:
James Clessuras
Barath Chari

Litigation:
Steve Guggenheim
Tait Graves

Regulatory:
Anne Seymour

Real Estate:
Susan Reinstra
Sean Wilkinson

Privacy and Data Protection:
Matt Staples

Government Contracts:
Mark Bass

For more information, click here to read the companies' joint press release.