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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

0.25 +1.40%
22 Oct 2014