Thursday, January 9, 2014

Riverbed Confirms Unsolicited Buyout Bid from Elliot Mgt for $19 per Share

Riverbed Technology confirmed an unsolicited proposal from Elliott Management Corporation to acquire all outstanding shares of Riverbed for $19.00 per share in cash.

Riverbed said its Board will review the offer and communicate its views in due course.

  • Shares is Riverbed closed on Wednesday at $19.53, up $9.41%.