EAS Group, Inc. to Acquire Brooktrout, Inc.
BOSTON, MA (August 18, 2005) — McDermott Will & Emery advised EAS Group, Inc., the privately held parent of Excel Switching Corporation, in its recently announced definitive agreement to acquire Brooktrout, Inc. (Nasdaq: BRKT). Under the terms of the merger agreement, a wholly owned subsidiary of EAS Group, Inc. the holding company parent of Excel Switching Corporation, has agreed to pay to the Brooktrout stockholders $13.05 per share in the merger, a 38% premium over its most recent closing price. The aggregate consideration to be paid to Brooktrout stockholders is approximately $173 million. The merger is expected to close in the fourth quarter of 2005.
The McDermott team advising Excel, based in the Firm's Boston, Chicago, London and Washington, D.C. offices, was led by corporate partners Neal White and Tom Conaghan. The team received assistance from tax partner Dan Zucker; intellectual property partner Matt Leno; employee benefits partners Diane Morgenthaler and Joe Adams; environmental partners Colleen Baime and Todd Wiener; and associate Ty Cottrill.
Excel Switching Corporation, based in Hyannis, MA, is a leading provider of carrier-class media gateways, media servers, signaling gateways and enhanced service platforms for original equipment manufacturers, value-added resellers and service providers. Excel Switching Corporation is a privately held company owned primarily by three private equity firms: Oak Investment Partners, TowerBrook Investors and Anschutz Investment Company. For more information, visit www.ExcelSwitching.com.
Brooktrout, Inc., headquartered in Needham, MA, is a publicly traded provider of innovative hardware and software platforms that enable applications that allow voice, fax and data to be distributed over both internet protocol packet-based networks as well as applications for traditional circuit-switched telephone networks. For more information, visit http://www.brooktrout.com/.
