Riverbed Technology, Inc. (NASDAQ:RVBD) confirmed that it has received an unsolicited proposal from Elliot Management Corporation to acquire all its outstanding shares.
The acquisition would be set to occur at $19 per share in cash.
Riverbed stock surged 12%
Yesterday following the news of Paul Singer’s hedge funds, Elliot Associates, L.P. and Elliot International Limited making an offer to acquire Riverbed Technology, Inc. (NASDAQ:RVBD), the network equipment maker’s stock surged over 12%.
Elliot Management Corporation yesterday offered to acquire all the outstanding shares of common stock of Riverbed Technology, Inc. (NASDAQ:RVBD) for approximately $3.08 billion or $19 per share.
Elliot is currently one of the largest...
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