Scalper1 News
Network gear maker Riverbed Technology (RVBD) is in play, after hedge fund Elliott Management early Wednesday made public its unsolicited offer to buy the company, where earnings have fallen the past two quarters, for $19 a share, or more than $3 billion. That’s only a 6.4% premium to Riverbed’s Tuesday closing price. And, in fact, Riverbed stock was trading above that offer in the stock market today. Riverbed stock was up 12%, near 20, in midday Scalper1 News
Scalper1 News