As unsourced press reports fly that Riverbed Technology, Inc. (NASDAQ:RVBD) is now in play, with private equity funds Silver Lake Management LLC, Thoma Bravo LLC and KKR & Co. L.P. (NYSE:KKR) said to have been recently rebuffed by Riverbed management, hedge fund Elliott Management is reaffirming their $21 cash offer. Extremely interested… but let us see the books “Elliott remains extremely interested in acquiring Riverbed, and our $21 cash offer still stands,” Jesse Cohn, portfolio manager at Elliott, said in a statement. “Riverbed’s stock is trading meaningfully below our $21 offer, below our initial offer of $19 and vastly below the…
Elliott Reaffirms Bid As Riverbed Rebuffs Three Additional Suitors
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.