Scalper1 News
Riverbed Technology (RVBD) might be heading for a sale after the company on Thursday preannounced a Q3 earnings miss and said it would launch a restructuring plan. Riverbed said its board intends to “undertake a comprehensive review, with assistance of its advisers, of strategic and financial alternatives to enhance shareholder value.” Activist shareholder Elliott Management has bid $3.36 billion, or $21 a share, for the troubled company. It holds Scalper1 News
Scalper1 News