Riverbed Technology Agrees To Private Equity Buyout

By | December 15, 2014

Scalper1 News

Riverbed Technology (RVBD) is leaving Wall Street. The computing networking equipment maker on Monday said it agreed to be acquired by private equity firm Thomas Bravo and Teachers’ Private Capital, the private investor department of Ontario Teachers Pension Plan, for $3.6 billion. That comes to $21 a share, 12% above the company’s closing price on Friday. Riverbed stock hasn’t traded above 21 since March. The company expects the acquisition to Scalper1 News

Scalper1 News