January 15, 2014 / 1:41 PM / 4 years ago

Riverbed rejects Elliott's buyout offer

Jan 15 (Reuters) - Riverbed Technology Inc on Wednesday rejected Elliott Management Corp’s proposal to buy the company for $19 per share.

The activist hedge fund offered to buy Riverbed last week for about $3.08 billion in cash. (Reporting by Neha Alawadhi in Bangalore; Editing by Joyjeet Das)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below