Riverbed Technology Inc rejects unsolicited proposal from Elliott


Friday, 28 Feb 2014 08:30am EST 

Riverbed Technology Inc:Board determined not to pursue the unsolicited proposal from Elliott Management Corporation to acquire all of the outstanding shares of Riverbed common stock for $21.00 per share.Says it believes the proposal undervalues the company and is not in the best interests of shareholders.Goldman, Sachs & Co. is serving as financial advisor to Riverbed and Wilson Sonsini Goodrich & Rosati is serving as legal advisor. 

Company Quote

20.94
0.01 +0.05%
27 Feb 2015