That loud cheering you just heard was Opsware execs closing the HP merger…
And why would this be such a cause to celebrate? Hewlett Packard (ticker: HPQ) announced Monday that enough shareholders had tendered shares for the Palo Alto company to close its $1.6 billion cash deal to acquire Sunnyvale-based Opsware (ticker:OPSW…but not for long).
Thus ends years of hard work, changes of strategies, and difficult merger negotiations for the pour souls at Opsware. And thus begins the handing out of the big wads of a cash. In a series of Form 4s filed on Wednesday, Opsware disclosed just how much each insider will be getting from the deal that’s paying $14.25 per share in cash:
- Marc Andreessen, founder, director, Internet poster boy, $98,279,186.25
- Benjamin Horowitz, president and CEO, $59,588,256
- Michael Ovitz, director, $15,152,196
- Sharmila Shahani, executive vice president, $1,570,578
- Michael Volpi, director, $1,205,991.75
- David Conte, chief financial officer, $1,187,880
- William Campbell, director, $1,068,750
- Mark Cranney, executive vice president, $298,409.25
- Simon Lorne, director, $99,750
- Jordan Breslow, general counsel and secretary, $27,801.75
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