Tekelec acquires Blueslice Networks
On May 5, 2010, Tekelec (NASDAQ: TKLC), the North Carolina-based session and mobile data management company, announced its acquisition of all the issued and outstanding shares of Blueslice Networks Inc., a Montreal-based evolved subscriber data management company for total cash consideration of US$35 million. Tekelec also agreed to pay a total of up to US$1.5 million in cash to certain Blueslice employees upon the achievement of certain integration milestones and to grant to certain Blueslice employees restricted stock units for shares having an aggregate grant date value of approximately US$2 million. The restricted stock units will vest subject to the achievement of certain integration milestones.
Ogilvy Renault LLP represented Tekelec with a team led by Niko Veilleux and that consisted of Paul Beaudry (corporate and M&A), Derek Chiasson (tax), Leanne Souquet and Christopher Hunter N. Hunter (intellectual property), Louise Laplante and Martin Rochette (employment and benefits), Miguel Manzano (real estate), Michèle Friel (banking), Jean-Charles René (insurance) and Anne-Frédérique Bourret (environment).