On October 26, 2017, Gigamon, an industry leader in traffic visibility solutions, and Elliott Management, a leading multi-strategy private investment firm, announced that they have entered into a definitive agreement under which Elliott will acquire Gigamon for $38.50 per share in cash. Upon completion of the transaction, which has a total value of approximately $1.6 billion, Gigamon will become a privately held company. Elliott's investment is being led by its private equity affiliate, Evergreen Coast Capital. Wilson Sonsini is representing Gigamon in the transaction.

The transaction has been unanimously approved by Gigamon's board of directors and is expected to close in the first quarter of 2018, subject to stockholder and regulatory approvals and other customary closing conditions.

The Wilson Sonsini team representing Gigamon in the transaction includes:

Corporate:
Jeffrey Saper
Robert Day

Intellectual Property:
James Clessuras
John McGaraghan

Employee Benefits and Compensation:
David Thomas

Corporate Finance:
John Mao
Jill Fulwiler

Real Estate:
James McCann
Martin Sul

Employment Law:
Rebecca Stuart

For more information, please see the companies' joint press release.