Riverbed Technology Gets Buyout Offer From Hedge Fund

By | January 8, 2014

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

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