Riverbed Confirms Unsolicited Proposal From Elliot Management – ValueWalk Premium
Riverbed Technology
09Jan

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.
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

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Author

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

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