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Covington Advises Cysive, Inc. in its Going Private Transaction

December 17, 2003

WASHINGTON, D.C., December 17, 2003 - Covington & Burling represented Cysive, Inc. ("Cysive"), a provider of interaction server technology, in its going private transaction that was consummated on December 1, 2003.  Cysive was acquired by Snowbird Holdings, Inc. ("Snowbird"), a newly formed entity owned by Nelson A. Carbonell, Jr., Chairman of the Board of Directors, President and Chief Executive Officer of Cysive.  Snowbird paid $3.23 per share of Cysive common stock for an aggregate transaction value of approximately $112 million.

Covington's legal team was led by Paul V. Rogers and Andrew P. Schoeffler in the Washington, D.C. office.  The Covington team included partners Stephen A. Infante (corporate), Elizabeth T. Kessenides (tax) and David B. H. Martin (securities); of counsel David W. Addis (antitrust); and associates Claire G. Kunstling (antitrust) and Sean P. Reid (corporate). 

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