Elliott Reaffirms Bid As Riverbed Rebuffs Three Additional Suitors

As unsourced press reports fly that Riverbed Technology, Inc. (NASDAQ:RVBD) is now in play, with private equity funds Silver Lake Management LLC, Thoma Bravo LLC and KKR & Co. L.P. (NYSE:KKR) said to have been recently rebuffed by Riverbed management, hedge fund Elliott Management is reaffirming their $21 cash offer.

Extremely interested... but let us see the books

“Elliott remains extremely interested in acquiring Riverbed, and our $21 cash offer still stands,” Jesse Cohn, portfolio manager at Elliott, said in a statement. “Riverbed’s stock is...