Riverbed Confirms Unsolicited Proposal From Elliot Management
Riverbed Technology, Inc. (NASDAQ:RVBD) confirmed that it has received an unsolicited proposal from Elliot Management Corporation to acquire all its outstanding shares.
The acquisition would be set to occur at $19 per share in cash. SORRY! This content is exclusively for paying members. If you are subscribed and having an account error please clear cache and cookies if that does not work email support@valuewalk.com or click Chat.
Riverbed stock surged 12%
Yesterday following the news of Paul Singer’s hedge funds, Elliot Associates, L.P. and Elliot International Limited making an offer to acquire Riverbed Technology, Inc. (NASDAQ:RVBD), the network equipment maker’s stock