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 surged over 12%. Elliot Management Corporation yesterday offered to acquire all the outstanding shares of common stock of Riverbed Technology, Inc. (NASDAQ:RVBD) for approximately $3.08 billion or $19 per share. Elliot is currently…